WS>>"Privatization" of Social Security Poses Risks

carl william spitzer iv cwsiv_2nd at JUNO.COM
Tue Aug 7 22:18:34 MDT 2001

that is no surprise because our SS system is modeled on the Kaiser
William's system for financing WWI.  Its a way to tax the future and
spend in the present.


On Tue, 7 Aug 2001 12:21:59 +0000 Thomas Matiska <tom.matiska at ATT.NET>
>If we were to start investing the current surplus in the
>private sector the difference would be that the "trust
>fund" would actually exist. The current practice of
>investing the "trust fund" in govt bonds simply allows
>the govt to spend all the surplus now, and requires our
>children to pay it back later.
>> If not individualized retirees will only be trading a government
>plan for
>> a politically connected NGO plan.  What would be the difference
>> the group plan idea is done away with alltogether.

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