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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (682586)	5/18/2005 9:26:56 AM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769670

Re: "Exactly. These are intelligent educated people who clearly know about the existence of other options besides ones that clearly do not ever invest in real assets. If the investment in real assets is completely Verbotten, then you know the whole system, Congress, the Senate are just total liars." Yep. It's sad... but I don't put lying and secret motives past the Big Government bunch in Washington. Interestingly, there has been at least one plan for Social Security reform --- put forward by Pollack at the American Enterprise Institute --- that would immediately turn people's SS accounts into true private accounts, without the necessity for 'Trillions' in new government debt, and that would leave open the door to allow people to diversify into a broad group of investments --- but I've heard only silence out of Washington about it. (Which leaves me suspecting the motives of those politicians....) Pollack's plan would immediately privatize everyone's SS account, not some 'years in the future' like other plans. The government would immediately put Treasury IOUs in each account for what they ALREADY OWE each participant). All NEW MONEY going into the accounts would be issued as REAL MARKETABLE TREASURY TIPS ("Treasury Inflation Protected Securities"), and then peole would be allowed to trade-in their bonds for other investment choices. And, the accounts would be REAL PRIVATE ACCOUNTS, (no forcing people to buy annuities when they retire, like the President's plan does... no "claw-back" provision raking off "profits" from the accounts each year whether they were up OR DOWN in value, no government telling you what you could or could not invest in.)