Thursday, March 10, 2005

One Example of Social Security Solvency

Larry Kudlow's Money Politic$ site has a link to Peter Ferrara's column in the Washington Times discussing one of Ol' BC's pet topics - Social Security reform. Rep. Paul Ryan (R-Wisc) and Sen. John Sununu(R-N.H.) have proposed a bill which demonstrates the benefit of private Social Security accounts. I doubt seriously if this particular one can fly but it is a start. If you take the time to read the article and follow the debate which will include a million different opinions of the actuarial estimates as time goes on, remember the BIG concept which opponents fail to mention. OWNERSHIP. With all the benefits to the system and its solvency, the biggest benefit is to the common working man and his acquisition of wealth. This scares some people. Personally, I wish I was young enough to benefit from it. I could become an activist on this one!

Just a thought.


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