On Fri, 13 May 2005 14:26:11 GMT, "Mike Rapoport"
wrote:

Social Security was a well thought out, adequately funded program when it
was inplemented in 1935.

It was a Ponzi scheme, whereby the people bailing out first were
repaid by the entry fees of those who joined later. It worked as long
as the labor force grew faster than the retirement community.

Then somebody discovered the link between cigarettes and lung cancer,
and bingo! One of my pals is celebrating his 90th birthday in the
Bahamas next February. He got remarried last year. He no longer sails
to the Bahamas every fall, but he sails a small boat every day when
he's down there.



-- all the best, Dan Ford

email (put Cubdriver in subject line)

Warbird's Forum: www.warbirdforum.com
Piper Cub Forum: www.pipercubforum.com
the blog: www.danford.net
In Search of Lost Time: www.readingproust.com