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Politics : Politics for Pros- moderated
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To: LindyBill who wrote (89685)12/8/2004 10:15:55 AM
From: D. Long  Read Replies (1) of 793914
 
Santiago, Chile — During his visit here last month, President Bush pointed out that the Chilean pension model was a "great example" for Social Security reform in the United States.

Great oped! I'm all for turning SS over to private accounts, but its that transition that's a bitch. Chile maintained a temporary payroll tax and "saved its pennies" for the crunch. I don't think its feasible for the US to pinch pennies enough to pull it off this decade. Not with us wrapped up in an expensive, long-term fight. Maybe if we get another breather like the 90s. Still, its very encouraging to see that someone else has pulled off the switch succeessfully.

Derek
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