Monday, October 18, 2004

Privatizing Social Security

Mr. Bush proclaims the answer to all of Social Security's problems will be solved by privitization. (Funny, I always thought the answer to Social Security's problems would have been to stop Congress from spending the money and filling the fund with IOUs)

What Mr. Bush neglects to mention is that circa 2000 -- when he was elected -- a majority of American's *did* have their retirment money invested in the market.

These multitudes by now have a very keen insight into the viability of that plan. Millions of cold-footed investors staying on the sidelines for the last 4 years lend support to this hypothesis. So do the millions now planning on working well past the retirement age they had so eagerly looked forward to only 48 months ago.

So... is privatizing Social Security the answer?

You mean again?

1 comment:

Anonymous said...

So what is the answer?