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Saturday, December 18, 2004

SECURED

All this talk about Social Security sort of goes by me. I figure that whatever happens and whatever they do is not going to have a lot to do with me. Perhaps I am naive.

They passed some mess of a prescription benefit that no one in my age group can understand. Hey, we aren't that senile.

I never even got a mailing on it. John did. I did not. That is how well the Program has been run.

We got a raise on our Social this month. It is not too bad. 2% or something. It is different for everybody based on what and when you put in and then they took out MORE for Medicare. It is all in the margins.

I suppose that I should be worried for my kids and grandkids but none of this is going to happen overnight and they are smart enough to make their own preparations. At least I hope that they are.

Social Security is a good thing. It forces people to save and to do so 'blindly'. I do not believe that anyone will be served by individual investment add-ons. Maybe the underwriters and the investment industry. This scheme has worked in no other country that it has been tried and has often been a disaster.

The trouble with the bushers is that they really are not interested in the concept of individual investment. They are interested in dismantling Federal programs and loosening up the restrictions on use of the Fund and all. They are rarely for what they are for for the reasons that they give. I know. Two 'fors' in a row. Go lip read it and it will make sense.

Anyway, they keep saying that I am OK and they won't mess with my cohort. I plan to live until at least ninety so I am an actuary's nightmare. But they won't seek me out and shoot me down will they? Huh? Will they?


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