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December 23, 2004The Times on Social SecurityBy Nathan NanceGuest post by Nate Nance This is probably going to be my last post about Social Security this year, if I can help it. I don't want you guys thinking that I'm a one-note guy. There are plenty of other things I would like to cover in more depth before the ball drops in Times Square, so I might move my dork-like focus to other policy areas. Having said all of that, I really want some feedback on this NY Times piece. Jeff Madrick's article is about the most informative thing I've seen in the print media on the pros and cons of private accounts. He covers both sides fairly well, but comes to the same conclusion I did, that privatization was just too risky and leaves too many people in a lurch. The numbers don't lie, as they say, and Madrick goes over both sides of the equation, especially in the benefit cuts for every dollar put into private accounts. I think this is one of the best pieces to refute the claims made about private accounts being a "reform" of Social Security rather than totally stripping it for parts. But, like I said, I want your feedback after reading it. This is a guest post by Nathan Nance. Nate is a sports/news clerk at the Waco Tribune-Herald and writer/editor of Common Sense a Texas-based Democratic Web log. He can be reached at nate_nance@yahoo.com. Posted by Nathan Nance at December 23, 2004 09:35 PM | TrackBack
Comments
And not that there is much left of this year to even write another post in. :) 2005! Posted by: Karl-T at December 24, 2004 01:15 AMSince Nate wanted some feedback, I'll put in mine. I think that is definitely a big part of it. Privatization has been a conservative priority for 20 years. I really think that the popular belief that SS is going to go bankrupt really soon is more marketing than actual catastrophe. There is surely a shortfall in the system with the baby boomers, but it's not like it is somethig that can't be overcome relatively simply. Taking money from a system that has a shortfall to "reform" it is just silly. That's my opinion anyway. Posted by: Nate at December 24, 2004 06:09 PM
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