-----Original Message----- From: lbo-talk-bounces at lbo-talk.org [mailto:lbo-talk-bounces at lbo-talk.org] On Behalf Of Michael Pollak
I don't believe that's true, Wojtek. Under all schemes I've seen, the contribution level will stay exactly the same. And if the employee chooses to divert some of her contributions to a private account, that account will be entirely independent of the employer.
So my question remains. I see why NAM might be prejudiced in favor of this on general cussed principles. But I don't see how they personally make a dime out of it. So I don't see why NAM would spend cold hard cash -- lots
of it, *more than any other sector* -- rather than be a free rider. Especially when they've got scads of other lobbying things to spend money on where the returns are immediate and obvious. And when their collective situation is pretty dire.
I'm beginning to faintly suspect that there must be a quid pro quo going on here -- that the administration has promised some NAM something they want if NAM will fund its pet SS project.
Michael
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http://www.nam.org/s_nam/sec.asp?CID=403&DID=401