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To: Patrick E.McDaniel who wrote (174717)	4/16/2005 1:52:04 AM
From: stock bull	Respond to of 176388

I agree with all of your comments. I might add, most people have access to 401K, or IRA plans. So, they can get SS and still have the opportunity to participate in controlling their private investment plans. But, as you said, many, if not most people don't know much about investing. I can go on, but it's late and I'm going to hit the sack. Stock Bull

To: Patrick E.McDaniel who wrote (174717)	4/16/2005 10:22:03 AM
From: Sig	Respond to of 176388

Agreed: Our government promises too much, and will not be able to meet the promises of SS and medicare unless there is huge inflation- which appears to be in the cards. But even then, costs will rise faster than the benefits and we will on average get less in proportion. Then the next Administration will promise even more in order to get elected. Privatization is an attempt to encourage people to save and at the same time to leave those savings in the Great Casino,the stock market. It will accomplish one thing,shifting the blame from the Government and politicians to the citizens. The Government can say "We gave you a chance and you blew it" I agree with the Administration in one regard, which is making the attempt to save our economy which means to save big business, favored industries, jobs, and the stock markets. And as always, individuals have to pay for it. Not sure they can do it all. Sig