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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Tenchusatsu who wrote (180954)1/19/2004 1:21:49 PM
From: Alighieri  Read Replies (1) | Respond to of 1575850
 
None of this says that privatizing Social Security is necessarily a bad idea. But the way that privatization is being sold is spectacularly dishonest, and to propose privatization and huge tax cuts at the same time is spectacularly irresponsible.

Perhaps the author ought to ding the opponents of privatization for not telling the truth about Social Security, that it is indeed a big Ponzi scheme that is growing and growing without end. Meanwhile, the author avoided answering his own question over whether Social Security should be privatized or not. Instead, he ends his article by attacking only one side and ignoring the political stunts of the other side


The author happens to be Paul Krugman, and he also tells you that the entire package is dishonest...ie: tax cuts giving away period surpluses which bush sold as economic stimulus and now he wants to make permanent, setting up staggering deficits into the foreseeable future and permanently negating any possible rescue of the plan, plus further loss from the benefit pool of those contributions that will be allowed to be privatized....which he admits he has no details of, hence his inability to address the question definitively.

Al