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Dear Mr. Farmelant,
<P>The <B>Nation</B> had an even better editorial in mid-May entitled <B>Social
(In-)Security</B>. You could email the <B>Nation </B>and suggest
they post it on their website.
<P>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.
<P>Sincerely,
<BR>Tom Lehman
<BR>
<BR>
<P>James Farmelant wrote:
<BLOCKQUOTE TYPE=CITE>Ellen of course is right. The problem is that
Wall Street sees the SS
<BR>trust
<BR>funds as a nice source of additional investment capital so they
<BR>have been campaigning hard for privatizing SS. They have been
<BR>actively attempting to undermine public support for SS by stirring
<BR>up generational conflict. Unfortunately, I think they have a
good chance
<BR>of succeeding since the corporate owned media has been giving
<BR>free reign to their propaganda.
<P>
Jim Farmelant
<P>On Wed, 22 Jul 1998 10:10:26 -0400 (EDT) T1EFRANK@WELLESLEY.EDU writes:
<BR>>
<BR>>
<BR>>I don't know what section of the public you've been talking to, but
<BR>>the
<BR>>people I interact with do not think of the stock market as a painless
<BR>>way to save social security. Polls indicate that most people
would
<BR>>support a tax increase to shore up the system and that young people
<BR>>are
<BR>>particularly supportive of the present SS system.
<BR>>
<BR>> Ellen Frank
<BR>>
<BR>>
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