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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76237  
Subject: Re: S.S. Question Date: 10/24/1997 8:37 AM
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Greetings, Trex88, and welcome to Fooldom.

<<Just want to throw this one in for grabs.

An idea that one of the newsletter guys professes. He's Donald H. Rowe and he states that:

A rebirth of Social Security will be in the form of an independent board of trustees to invest monies in (mostly) stock market issues, some bonds, possibly CDs.

He maintains that the politicians want to 'rid themselves of what has become both a financial and a political albatross' and that representatives from both parties have been working on a plan behind the scenes.

Does you think this could be true? And why keep it a secret?>>

There is no doubt in my feeble brain that the Social Security system will undergo some major changes. I believe ultimately some form of self-investing will be permitted; that the age for a 100% benefit will increase again; that taxation of benefits will be strengthened; that knee-jerk cost of living increases to benefits will disappear; and that benefits beyond those "funded" by employer/employee "contributions" will undergo some kind of needs analysis. I do not believe, though, in conspiracy theories. Many groups and people are working on this issue, and they are hardly doing it in secret. When the various legislative proposals finally are submitted, they will be discussed thoroughly and at great length. On this issue, it will be nigh on to impossible for Congress to spring an overnight surprise on the American public. Our officials, while exceedingly dumb at times, are bright enough to recognize they would be lynched by all sides if they tried.

Just one Fool's opinion FWIW.

Regards......Pixy
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