The Nation had an even better editorial in mid-May entitled Social (In-)Security. You could email the Nation and suggest they post it on their website.
Senator Wellstone's editorial was good, but, for a guy who claims to represent the democratic wing of the democratic party it could have been stronger. Particularly on the actuaries projections ,and, raising the cap rather than the percentage. The cap is $68,400 and the Senator himself makes more than that.
Sincerely, Tom Lehman
James Farmelant wrote:
> Ellen of course is right. The problem is that Wall Street sees the SS
> funds as a nice source of additional investment capital so they
> have been campaigning hard for privatizing SS. They have been
> actively attempting to undermine public support for SS by stirring
> up generational conflict. Unfortunately, I think they have a good chance
> of succeeding since the corporate owned media has been giving
> free reign to their propaganda.
> Jim Farmelant
> On Wed, 22 Jul 1998 10:10:26 -0400 (EDT) T1EFRANK at WELLESLEY.EDU writes:
> >I don't know what section of the public you've been talking to, but
> >people I interact with do not think of the stock market as a painless
> >way to save social security. Polls indicate that most people would
> >support a tax increase to shore up the system and that young people
> >particularly supportive of the present SS system.
> > Ellen Frank
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