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To: HiSpeed who wrote (1099)	12/9/1998 9:12:00 PM
From: Daflye	Respond to of 99985

Nope, not a good idea at all.

To: HiSpeed who wrote (1099)	12/9/1998 9:17:00 PM
From: EepOpp	Read Replies (1) \| Respond to of 99985

if they actually go through with it, i would guess the money would be allowed to invest only in S&P 500 companies. load up on those big-cap multinationals!

To: HiSpeed who wrote (1099)	12/9/1998 9:32:00 PM
From: The Ox	Respond to of 99985

Instead of trying to figure out ways of allowing individuals to use Social Security Funds for investment in the financial market, the government should be cutting taxes. The recent reduction in capital gains taxation has helped fuel the strong US economy and the bull market. Further reductions in capital gains taxes could continue to support strong economic growth in this country. At the moment we are the global economic leader and our actions, or lack there of, will be the decisive factor for the world's financial markets. Y2K, The Euro, Commodity deflation, US presidential impeachment process, Asian strife, Middle east tensions, Latin America, Russia, Africa's continental civil war, the list seems endless. This market seems to be climbing the wall of worry.

To: HiSpeed who wrote (1099)	12/9/1998 9:38:00 PM
From: Haim R. Branisteanu	Respond to of 99985

Memories of the President are awfully short. This is one of the most outrageous and unfit proposals. TWA went almost belly up because Carl Ichan invested pension funds in the stock market and high yield bonds during the eighties. BWDIK Haim

To: HiSpeed who wrote (1099)	12/9/1998 9:57:00 PM
From: Les H	Read Replies (1) \| Respond to of 99985

The best solution would be allow people to take credit against Social Security taxes for contributions to personal IRA's, 401K's, and the like. The old 401K before 1983 used to be pre-tax, including FICA, since it was considered a salary deferrment plan. A Ponzi scheme wouldn't be able to survive the withdrawals. Clinton is maneuvering to raise taxes. He had the opportunity to "save" Social Security and Medicare in 1993-1994 when he chose to ignore the recommendations of the then bipartisan commission on entitlement reform. He's looking for someone else to get in this boat to take the slings and arrows from the special interest groups, including NOW and AARP.