In the best article ever to appear in the mainstream press on the truth (well, some of the truth) about the statist scheme called Social Security privatization, Toner and Rosenbaum note: “But behind the sweeping promise are some harsh political realities that could loom large in this fall’s debates and the final clashes of the presidential campaign. Mr. Bush has never proposed a specific plan to reach his goal - and, critics say, for good reasons. With the budget already running large annual deficits, recent estimates of typical plans for private accounts show they would cost as much as $2 trillion over the first 10 years.” READ THE NY TIMES ARTICLE (free registration required).
The Expense of Social Security ‘Privatization’
