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[bob ford <bobford79 AT yahoo.com>]

You are right Gene, but, if it doesn't work, it won't be tens of thousand; it 
could be as many as millions.  

And, it won't just affect younger people planning for a future.  I read an 
article on one website today where raising Socoial Security retirement age, 
even for older people who have yet to collect, from 65 to 70 was starting to 
be discussed.. Along with the knowledge, that for people already receiving 
S.S., or other gov't checks, the cola being artificially restrained -- might 
as well be a cut.   This is all speculation, if things continue to slide.  
But, right now, the full consequences are a great unknown. This could affect 
everyone who depends on income from anyone else or any entity. .....bobford



----- Original Message ----
From: Gene GeRue <genegerue AT ruralize.com>
To: homestead AT lists.ibiblio.org
Sent: Wednesday, September 24, 2008 4:14:16 PM
Subject: Re: [Homestead] Rats jumping ship


On Sep 24, 2008, at 4:46 PM, Lynn Wigglesworth wrote:

>
> Mine is not a popular opinion (I don't think) but I think the  
> government
> needs to step back and let the chips fall where they may (I heard 2
> Congress people say that today!). People who participate in risky
> behavior need to take the consequences;

That is my first reaction to this mess. My reservation is that I think  
about all the little people who will be hurt. Retirements and college  
tuition and far more are predicated on certain investments at least  
keeping up with inflation. Enron employess are working far past normal  
retirement age already. There are no doubt tens or hundreds of  
thousands more.



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