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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (36089)	7/23/2005 10:20:07 AM
From: Tradelite	Respond to of 306849

This news will probably be of interest to those who follow the bond market and interest rates, including mortgage rates.. A bill has been introduced in Congress by a fellow named Sen. Jim DeMint (and reportedly has 11 co-sponsors) to establish personal Social Security accounts which invest in Treasury bonds. Quote from a letter to WSJ editor yesterday, from a guy at the American Enterprise Institute (which of course is a somewhat biased organization, so take it for what it's worth): "[The bill] offers the chance for ordinary Americans to actually own risk-free Treasury bonds in exchange for at least some of their Social Security taxes, as they build retirement savings. It makes the investment risk argument we have heard so much of disappear. It is voluntary. It is utterly simple and easy to understand.....I believe a majority of Americans would readily choose this alternative. Seeking to deny them the opportunity to make this choice will be an unpopular, losing position."--Alex Pollock, Resident Fellow, American Enterprise Institute, Washington