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Opinion: Why Social Security Privatization = Big Government

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REACTIVATED IN CT Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-04-05 01:54 PM
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Opinion: Why Social Security Privatization = Big Government
Opinion: Why Social Security Privatization = Big Government
Excerpt: "President George W. Bush said that his plan for privatizing Social Security would be modeled after the Thrift Savings Plan for federal employees. But Francis X. Cavanaugh, who served as the first executive director of the Thrift Savings Plan from 1986 to 1994, has argued repeatedly that extending that system to Social Security would be an administrative nightmare for the government, businesses, and individuals." (The Century Foundation)

http://www.socsec.org/commentary.asp?opedid=862
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