Bush's Chilean SSI model---email this blurb far & wide

[Bluebear]

http://query.nytimes.com/gst/abstract.html?res=F60A13FC3C5F0C748EDDA80894DD404482&incamp=archive:search

ABSTRACT - Chileans find that pension privatization plan launched 25 years ago, which Pres Bush has cited as a model for his plans to overhaul Social Security, is falling far short of what was originally advertised under authoritarian government of Gen Augusto Pinochet; under program, millions of people have been paying 10 percent of their salaries to private investment accounts that they control; many lower-paid workers' contributions were not large enough to ensure even minimum pension of $140 a month; others--those working in underground economy, self-employed or working only seasonally--remain outside system altogether; even middle-class workers who contributed regularly are finding that their private accounts--burdened with hidden fees that may have soaked up as much as third of their original investment--are failing to deliver as much in benefits as they would have received under old system.

[bryant69]

1. This is key

One of the keys to the free money claim that Bush is peddling. I mean lets face it, everybody loves free money. But how many people like being conned?

Bryant
Check it out --> http://politicalcomment.blogspot.com