CBS talked about the Europen privatization of SS

[greenbriar]

said it was devastating to the people and basically a nightmare

[trotsky]

1. Oh, don't worry, we'll do it RIGHT.

We won't have any of the problems those Yurpeans did, 'cuz we're Americans! We ain't no socialists!

[papau]

2. But the Brits will ADD an old age pension that only requires residence -

I am sure George plans to do the same.

[Maestro]

3. Here are my thoughts

Privatize Social Security?

[DefenseLawyer]

4. I would add reason 3

That "private money" i.e. would-be tax dollars, will be invested by private brokerage houses who will get their commissions win or lose. Millions of ready-made "customers" for Merrill Lynch et al. It will pump huge sums into already full Wall Street pockets.

[Maestro]

5. After reading this

I'm even sicker.

http://www.cbsnews.com/stories/2005/02/02/national/main671226.shtml