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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Amy J who wrote (181505)	1/24/2004 6:01:04 PM
From: Road Walker	Read Replies (1) \| Respond to of 1574177

Amy, re: The median USA wedding in the 90's cost $15k - that same $15k could have been $1M for that couple's retirement. The money is there in the system, but people are simply spending it rather than saving. So, forced savings would help address that issue. But if they don't spend, they stifle commerce, and subsequent profits and employment. re: The median household could be placed into a much better situation through forced savings whose growth accelerates the accumulation over time. Leaving even more room to assist those in the bottom quartile. I agree in principle, as long as it is a replacement for SS. But the Devil is in the details. A huge amount of thought would have to go into deciding how the government would determine where investment dollars landed. One other point. Right now, if you take out the SS payments from the government revenue, the deficit probably doubles (WAG). The plan would require a degree of fiscal spending discipline that hasn't been demonstrated. It appears to be a simple, logical idea, but there are a lot of ramifications. John