Ivins: A No Brainer on SS

[BlueInRed]

http://www.workingforchange.com/article.cfm?itemid=18513

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Private accounts: a no-brainer
Seven reasons not to buy Bush's Social Security scheme


AUSTIN, Texas -- Last week, The New York Times quoted a Harvard Law student who favors the privatization of Social Security as saying the accounts-formerly-known-as-private are "a no-brainer."

Funny, I'd say that pretty well describes this future legal eagle.

Here's my take: If you aren't smart enough to figure out what's wrong with President Bush's plan to privatize Social Security, then you won't be able to run one of the accounts-formerly-known-as-private, either. (The White House doesn't want anyone to call them private accounts Anymore, even though they have always been known as private accounts -- it's the new political correctness.) It's not as though this were all just-too-complex for the average citizen.

Without any math at all, you can understand the most important problems with the Bush plan:

A) It doesn't fix Social Security. This is not a partisan contention -- the Bush people admit it, though they use bizarrely fuzzy language. Before the president's State of the Union Address, a "senior administration adviser" (means head honcho in charge) told the Los Angeles Times that "the individual accounts would do nothing to solve the system's long-term financial problems." It does nothing to shore up Social Security, no fix, no nada.
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[aden_nak]

1. Perhaps he plans to work in finance after school?

In that case, it's a no-brainer that privatizing other peoples' social security could make him a ton of money.

[Dudley_DUright]

2. Whoops, I just posted a dupe of this

You are doing my job for me. :-)