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Article #440

Re: BOOMING OPPORTUNITY $$ EFFORTLESS INCOME

#440
From: foreman
Date: Tue, 28 Jan 1997 00:00
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In article <5cl8ur$cd9$1@natasha.rmi.net>,
   miked@kentek.com (Michael Dyer) wrote:
>Quit whining - if you are worried about retirement there is a simple
>solution - SAVE YOUR MONEY!  Dont't expect Government to bail you out.
>Social Security is a supplemental income plan, not a retirement plan.

Supposed to be a supplemental plan.  When it was created it responded to
a lot of perceived needs.  And it's worked, for a while.  Unfortunately
it's about to go broke and what do you do with an elderly individual with
no retirement savings?  What would you do, kick him out on the street?
This may have been accepted practice in certain societies in the past but
I doubt it will be in ours.  Like it or not we are, in part, a welfare state. 

There are real good reasons why social security has been so protected by 
politicians; because we're all going to reach old age and retired persons
are a large and growing percentage of the electorate.

>
>Maybe if everyone in this country quit spending so much on their cars
>and clothes and cafe lattes they could all save some money for their
>old age. 

Good point.  Couldn't have said it better myself.  The people selling
those cars, clothes, and cafe lattes are trying to earn a living and save
for retirement too.  In fact they count on us buying those products.

I don't know, there are no easy answers to this one, and somebody, some
president and congress are going to have to make the tough decision.

	R. Foreman
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From: foreman@spot.colorado.edu
Subject: Re: BOOMING OPPORTUNITY $$ EFFORTLESS INCOME
Date: 1997/01/28
Message-ID: <5cljti$eft@lace.colorado.edu>
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references: <01bc07b9$6ef18f00$3a249bce@dora> <Pine.GSO.3.95.970126162115.25839A-100000@ucsub.Colorado.EDU> <5ch0oj$abm@lace.colorado.edu> <5cl8ur$cd9$1@natasha.rmi.net>
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