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To: Lizzie Tudor who wrote (172336)	12/30/2002 7:30:25 PM
From: fingolfen	Read Replies (1) \| Respond to of 186894

SS is a reverse robin hood ponzi scheme, most under 35 years of age are aware of this and I would encourage those that are counting on SS as some sort of safety net to "make other arrangements". Well, I'm 32. My 401K isn't quite where I'd like it to be, but it's coming along nicely.

To: Lizzie Tudor who wrote (172336)	12/31/2002 10:04:17 AM
From: JHP	Respond to of 186894

<<SS is a reverse robin hood ponzi scheme, most under 35 years of age are aware of this and I would encourage those that are counting on SS as some sort of safety net to "make other arrangements".>> yes thru life there are people who can take care of their family,and some unfortunate enough to not be able to do this, so our benevolent society has a mecanism to deal with this problem. Of course we could just throw them all out on the street if they do not meet up to the high standards of timmy or lizzie.. hey you dummies do not let the facts get in the way of your prejudicies! December 29, 2002 Social Security Economic View: Hard Truths Are Avoided on Social Security (December 22, 2002) o the Editor: "Hard Truths Are Avoided on Social Security" (news article, Dec. 22) says Social Security "will begin running out of money during the lifetime of most of today's workers" and the "reason is demographics." But Social Security's trustees say benefits will be paid in full until 2041, and more than 70 percent can be paid thereafter. Also, the projected shortfall after 2041 is not due to "demographics," since these have been factored in since 1983. It is because politicized trustees have prevailed on the actuaries to make the projection assumptions more conservative almost every year from 1983 to 1997. This was done to get the public to believe that there is a problem that needs fixing, and they have succeeded all too well. DAVID LANGER New York, Dec. 23, 2002 The writer is a consulting actuary.