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Privatizing Social Security
would put retirement funds at risk
Sunday, December 26, 2004
By PAUL A. MASTRIACOVO
I find it hard to believe that the Republicans, who have lost so
much money in the stock market these last few years, would
still be talking about “privatizing” Social Security. Surely, they
must see the folly of such a scheme.
This “privatization” reminds me of the old game show, “Let’s
Make a Deal,” where Monty Hall would ask contestants to
choose between 3 doors. “Do you want what’s behind Door
Number One, Door Number Two, or Door Number Three?”
One of the doors hides a new car. One of the doors hides a
new washing machine. And one of the doors hides a donkey or
This kind of “choice” might be acceptable for a game show, but
not when it comes to planning your financial security.
We might say that anyone who supports Bush’s privatization
scheme DESERVES to lose their money. Their suffering would
be laughable, if it were not so tragic.
I hear that the transition cost will be “only” 2 Trillion Dollars.
Most government programs cost more than they predict, and
George W. Bush is notorious for his bad judgment in these
Just look at Bush’s record in the Iraq war, and you can see his
sales technique. OVERSTATE the urgency of the problem.
UNDERSTATE the cost, and IGNORE the potential risk.
Surely, even some Conservatives will find a flaw in the Bush
plan, and hit the brakes on this steamroller, before it is too late.
You'll notice that, on this web site, I claim "copyright" on things I write. This is not meant to scare
anyone. Feel free to copy and distribute anything you want, just as long you
GIVE CREDIT WHERE CREDIT IS DUE.
I want to get the proper credit for whatever I write, and I want everyone else to get credit for what
THEY write. COPYRIGHT is a very complicated legal issue, for which I would need legal
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explain it. In any case, a copyright notice such as this is just a standard "boiler plate" thing you
are supposed to attach to whatever you write. It is not meant to stop ordinary people from using
my work in ordinary ways, but just in case somebody thinks they can make a million dollars off of
something I wrote, without cutting ME in for "A Piece of the Action."
Everything on this web site is COPYRIGHT (c) ERIC HAUBERT
unless it belongs to somebody else.
This comment was submitted to cantonrep, but was not posted.