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To: HammerHead who wrote (1087)12/9/1998 8:13:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 99985
 
Clinton voices support for investing Social Security funds in stock
market

Copyright © 1998 Nando Media
Copyright © 1998 The Associated Press

Americans want Social Security investment option, poll shows
How the poll on Social Security was conducted

WASHINGTON (December 9, 1998 7:27 p.m. EST nandotimes.com) -- In private talks with lawmakers, President Clinton has for the
first time said he supports using stock market investments to try to inject money into the financially troubled Social Security system.

The president's comments during the Wednesday talks came after months of declining to be specific about his preferences on how to
safeguard Social Security.

Lawmakers left the closed-door meetings saying they have new optimism they can reach compromise on action to bolster the nation's
retirement program next year.

"It's a good starting point," said House Ways and Means Committee Chairman Bill Archer, R-Texas.

However, Clinton has not decided how the stock market investments should be made -- by individual Americans in private accounts or
by the government investing their payroll tax contributions in bulk, his advisers said.