Customer Reviews

A New Deal for Social Security

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If you are a believer in the privatization of Social Security, then you will not find a better defender than the pages of this book. More importantly, the points of this book are so powerful that it can honestly change the opinions of others. The privitization scheme endorsed by the authors should be adopted immediately after the 2000 election. Nevertheless, I'm also familiar with political reality. It will take many years maybe even a decade or two before common sense prevails over political exprediency. But hopefully, this persuasive book will speed the process along.

The Cato Institute has put out another study polluted by their laissez faire (government hands off the economy) approach to looking at the world.
They want us to gamble away out life's earnings. For what? To produce money for investment managers. It is all part of a philosophy to say that there is no place for government to help people stay out of poverty.
The stock and bond markets are not sure, safe and stable places to invest one's money. Look at what happened to markets after 9/11. Administrative costs for these private accounts have eaten away at earnings in Chile and Britain where they have been tried.
The U.S. has record immigration, a growing population; and the Social Security funds are solvent for at least the next forty years. So, why the urgency to privatize?!

This book is an earnest attempt to turn back civilization 4,00 years. One can only wonder how writers like this spend their free time. I think though it might be reading books like Secret Agent Barbie, a real potboiler that is far more grounded in existing reality than is this claptrap.