Quote:
Originally posted by sgtclub
"Privatization" is a word the GOP wants to get distance from because it has been demonized by the DEMs. That is why they've gone with the "ownership society" theme.
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Weird that. I like the privatization concept, myself.
But I'm jaded - I'm pretty sure that what will eventually happen, should this pass, is that the big Funds will simply establish a bunch of "approved" plans that people can invest in, with very low risk/rewards, and fees. The approval process will guard the needed governmental recordkeeping, and the fees, coupled with savings-account-rate returns, make it a dull, boring thing - private in name only.
