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Originally posted by bilmore
This isn't about saving SS - it's simply a way to make government less meaningful.
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Absolutely right . . . the support for privatization of SS accounts is at least as ideologically driven as Club suggests the opposition to be.
That's why many supporters of privatization are willing to "suspend their cognitive functions" (as Ty put it) to support the concept without even discussing in a meaningful way whether it is truly neccessary. how much it will cost, and how we'll pay for it. They just like the idea, 'cause individual choices and market forces are always better than any government program, don't you know.
Quote:
Originally posted by bilmore
Having said that, I'm curious what new system is going to replace the safety net of SS for the twenty percent who lose their whole discretionary portion. We're obviously not going to let them starve, so are we simply making the investment portion risk-free?
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Don't ask the President. I hear that's up to Congress.
S_A_M
