YOU SUFFER
WHILE THE OLIGARCHY PROSPERS
Are you depressed because you lost much of your retirement savings or 401(k) investment in the falling stock market? Were you one of the unfortunates invested in Enron, WorldCom, the NASDAQ bubble, or any of the publicly held corporations that lied to us? Are you having a hard time making ends meet? Or maybe you are one of the millions of retired people who depend primarily on their Social Security checks every month. Maybe, it's what keeps grandma and grandpa out of the poor house.

Take heart. Know that your federal government is doing just fine. They're expanding, spending, and adding people all over the place. Maybe, you can get the kids a job there or even apply yourself. The benefits are wonderful.

Of course, you haven't been sending the feds enough money and they had to borrow an additional $421 billion last year, but what the hey, we probably won't be around when someone will have to pay off that credit card.

One of the neatest government benefits is the Thrift Savings Plan. It's a system that lets federal people invest up to 10 percent of their salaries in an investment fund that speculates in bonds and the stock market. You get five broad categories, two or three of which involve different indexes of the stock market, and others involve everything from municipal and corporate bonds to U.S. Treasury securities. And you get matching funds from the government (tax money) for four of the ten points and can switch around any time you wish.

Barclay Bank of Great Britain was the first to handle stock investments in the Standard & Poors Index of the New York Stock Exchange and Arthur Andersen, that great accounting firm from Chicago, audits the account. The government is one of the few clients Arthur Andersen has left in its stable.

While you were losing a bundle last year, fiscal 2002, the Thrift Savings Account garnered a little better than a 20 percent increase. Here's what it looks like today:


This is a real trust fund, not a phony debt fund like your Social Security trust. It allows a not-for-profit organization like our government to carry real assets from one fiscal year to another while still bringing the books to a zero balance each fiscal year. It's a real lock-box.

Keep in mind the fact that this is the same government that could have, at any time, put your surplus payroll taxes for Social Security and Medicare in a real trust fund just like this instead of stealing that money and giving you debt. There was nothing holding them back except the fact that they wanted to spend your retirement money elsewhere.

And these are the very same people, along with some media nitwits, who often try to scare you about the stock market and that nasty word "privatization."

On November 5th, be sure to go out and vote for your favorite crook.