Homestead mailing list

["Melody O." <melody AT crecon.com>]

At 09:07 AM 2/2/05 -0800, you wrote:
>Well, now, Gene.  You have indirectly offered up the solution.  Take the
>money and open a few casinos.  Make millions <g>
>
>Lynda
>----- Original Message -----
>From: Gene GeRue <genegerue AT ruralize.com>
>>
>> Prices up, yes. As for recklessness, look at the huge success of casinos
>> nationwide. We are a nation of gamblers; we have a history of it, in land,
>> business and at the gaming table. As for net gain or loss to the economy,
>> we can speculate on whether a huge inflow of investment capital would make
>> American businesses grow stronger through additional research and
>> development and opening new markets. It would most certainly lower their
>> capital costs.

No, you are not allowed to gamble with your Social Security investment
money; Bush will make sure that your investment is "low risk".  

"Personal accounts will provide Americans who choose to participate with an
opportunity to share in the benefits of economic growth by participating in
markets through sound investments. Any proposal will include limitations on
the risk of investments permitted in personal accounts and will include
low-risk, low-cost options like broad index funds similar to those
currently available to Federal employees."
(http://www.whitehouse.gov/infocus/social-security/)
 
So much for it being *your* money.

Best wishes,
Melody