http://www.iSteve.com/05JanA.htm#social.security.1Bush's Social Security Plan: A reader writes: If economic growth slows by half (in the midst of a global tech boom fuelled by Asian nerds unleashed from socialism) If the stock market continues to grow faster than earnings If the Bush upper income tax cuts are made permanent If means test benefits cannot be introduced If FICA taxes cannot be raised If the the pension eligibility age is not moved out to take into account extended longevity (as life expectancy edges towards 80+) If congress can be constrained from introducing loopholes for lobbyists and liquidators And if Wall Street can be prevented from looting the greater fools overcharging fees or churning accounts Then maybe, privatization of social security would look like a reasonable idea. But why would one bet on so many ifs? Considering what a superb job Bush did of thinking through every possible eventuality of the Iraq Attaq, he's obviously the man to upend Social Security. I know a lot of "conservative" pundits like Michael Barone are exulting that "conservatism" now means blindly backing radical gambles based on on one indifferently-informed man's hunches, but why is that conservative?
"How Bush's Social Security Plan could work"
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