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Originally posted by Mmmm, Burger (C.J.)
They're not nonsense, because he also has reforms that would help solvency, independent of privatization, no? E.g., reducing the growth rate of benefits.
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That's the other shoe, which we've heard little about. What bothers me is that up until now, I don't think we've heard much of anything from the Administration other than the assertion that private accounts would solve this problem for us. If I understand it correctly, Bush has tossed out some older Dem proposals on that issue, leaving it to Congress to try to solve the hard part while he hits the hustings to evangelize private accounts.
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That said, my biggest problem is this: I don't want to pay twice. Once to give people money to invest for their retirement. A second time when they fuck it up and we still have to give them something in retirement.
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Agreed.
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