SECURE SOCIAL SECURITY, NOT JUNK STOCK by Peter D. Moss Until the Enron scandal hit the mass media, the Bush regime was promoting the privateering (they call it privatizing) of Social Security. They even appointed a commission to forestall insolvency, predicted for the year 2038. The phoney nature of this attempt to put Social Security into junk stock was obvious to millions of prospective victims. How can insolvency be predicted forty years into the future when economic forecasts are not even reliable a few months ahead, like when the "economic stimulus" welfare for the rich was made in a momentary surplus which within weeks turned into a serious deficit? Second, since when is the regime worried about 40 years out when it can barely cope with emerging emergencies on a daily basis? Well, as the head of AARP admitted in an editorial, they were preparing public opinion for this wholesale fraud on retirees. The stock brokers were salivating about the billions in forthcoming commissions, and they knew at the time as we all know now, that they would insider trade huge blocks of Enron and other junk stock for deceived retirees. Then Enron and a sudden silence. Sad to say, the regime's scheme is not dead. Reliable sources say as soon as the November 2002 elections are over, the Bushmen will roll out once again their junk stock privateering scheme. While many have not picked up on some of the above details, the conservative intent is not and cannot be denied. The intent is, of course, to make the rich richer at everybody else's expense. Yet a permanent solution is incredibly simple. If elected in 2004, I would increase the wage base for Social Security taxes, now $80,400. I would tax total earned income without limit. I vigorously object to hiring professional money managers to diversify (read gamble away) the Social Security trust fund. Professionals have shown that they have no specialized knowledge beyond that of the average investor. If they did, they would be billionaires endowing philanthropies instead of working at 9 to 5 jobs. The only people with specialized knowledge are the insider traders, and that's not just Osama bin Laden who knew of September 11 in time to bet on certain airline stocks. Notice how that story "disappeared" from the mass media! If I am elected, I will introduce Secure Social Security Act legislation to provide that "The federal government's responsibility for Social Security benefits comes first, then Universal Medicare benefits, then all other expenditures, should the U.S. ever outspend its ability to borrow and tax. Permanently prohibit corporatization, formerly privatization, but really privateering." What can be simpler? If a Secure Social Security Act is enacted and well received by the electorate, I will be sponsoring a constitutional amendment to provide that "Its obligation to its seniors shall be the senior obligation of the United States in perpetuity." That will take care of future scare campaigns and of the desperate need of stock brokers for a new inflow of funds. I believe a better future can be legislated and Wall Street insiders don't have to like it. Submitted to FfxNews