-Caveat Lector-

---------- Forwarded message ----------
Date: Thu, 7 Mar 2002 16:09:10 -0800 (PST)
From: Franklin Wayne Poley <[EMAIL PROTECTED]>
Reply-To: [EMAIL PROTECTED]
To: Richard A. Gephardt <[EMAIL PROTECTED]>
Cc: [EMAIL PROTECTED]
Subject: [BCPOLITICS] Re: The Gephardt Report

On Thu, 7 Mar 2002, Richard A. Gephardt wrote:

> **** SOCIAL SECURITY ****
>
> For 67 years Social Security has been the cornerstone of our retirement system. The 
>American people trust this program. However, the Republican Majority Leader, Dick 
>Armey, wants to privatize this secure system by subjecting the Social Security Trust 
>Fund to the volatilities of the stock market.  Enron’s collapse is a prime argument 
>against Social Security privatization. Enron’s fall caused thousands of 
>once-prosperous employees to lose their life savings.  The plan offered by Mr. Armey 
>and the Republicans fails to provide the most basic guarantees of a secure retirement 
>income because it casts the entire future of the program in doubt. Meanwhile, the 
>Administration’s budget drains $1.5 trillion from the Social Security trust fund, 
>breaking both parties’ promise to safeguard the trust funds.  Two of the three plans 
>offered by the President’s Social Security Commission explicitly propose cuts in 
>benefits, while the third plan could lead to benefit cuts even for individuals who 
>opt out of private accounts.

Why beat around the bush on this, Dick? How about floating "Gulags,
Inc." on the New York Stock Exchange?

FWP


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