Updated: 1/3/05; 6:26:15 AM.
A Man with a Ph.D. - Richard Gayle's Weblog
An attempt to use Radio to further my goal for world domination through the study of biology, computing and knowledge management.
        

Thursday, December 16, 2004


Cognitive Dissonance. COGNITIVE DISSONANCE....Is it possible for a parade of supposedly serious people to present arguments for why Social Security privatization is a bad idea but then, one after another, conclude their remarks with endorsements of Social Security privatization? Yes it is,... [Political Animal]

Everything I have read indicates that there is no SS emergency. Or rather, privitization will not fix it. The same extrapolations that predict that it will no longer be able to pay out full benefits in 2040 use as a model an economy for the next 36 years that is so bad that having money in the stock market will not get you any better results. Or, more accurately, if the economy is so good that you can make even 4-6 % return on your private account, then it will have been so good that SS would NEVER go into the red. So, there is no reason for privitization. It will not have any effect on whether SS needs help. It seems like just a vehicle for brokers to make a ton of money.  comment []9:40:56 PM    



 
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