Fighting SS privatization (was Re: The Nation - Selected Editorial)

Doug Henwood dhenwood at
Tue Jul 21 16:05:13 PDT 1998

Max Sawicky wrote:

>You don't get these returns under privatization,
>even if the stock market keeps chugging along.
>A forthcoming EPI report by Baker discusses this.
>He has already dealt with a different aspect in
>a piece for the Twentieth Century Fund, the basic
>message of which is: if you believe the SS trustees
>projections, the stock market CAN'T continue as it
>has. If it can, you can't believe the trustees.
>I've found that people understand that if the
>economy poops out and jeopardizes SS, stocks
>will take a beating as well. The problem is
>addressing the "I'd better get me to a lifeboat"

The amazing thing is the people think the Nasdaq looks like a lifeboat!


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