Saturday, January 15, 2005

For at least a couple of years, Paul Krugman has been deriding Bush's Social Security privatization plan. His latest column compares it to a similar--failed--Brit attempt.
We must end Social Security as we know it, the Bush administration says, to meet the fiscal burden of paying benefits to the baby boomers. But the most likely privatization scheme would actually increase the budget deficit until 2050. By then the youngest surviving baby boomer will be 86 years old.
Even then, would we have a sustainable retirement system? Not bloody likely.
Pardon my Britishism, but Britain's 20-year experience with privatization is a cautionary tale Americans should know about.

Click here to read his column.


At 8:51 AM, Blogger live2-luv said...

Awesome blog. I'm loving the site and I have to
return there soon! Going online, when I have the time,
I look for blogs close to your work!
Check out my cash advance detroit blog, please!

At 9:55 PM, Blogger luv-bugz said...

Sensational blog. I took pleasure in the site and I
will go back! Surfing online for blogs like this one
is worth my time.
My business cash advance blog, is something you need to peep out!


Post a Comment

<< Home