Well, maybe not a whole bag, but this is from an esteemed reader:
If you can get your hands on today’s NewYork Times, the Krugman op-ed piece [reg. req’d] is worth a read. He’s much tooshrill most of the time, but he makes an essential point: If the realreturns being assumed on equities in this privatization proposal are onthe mark, then the economy will be growing fast enough that SocialSecurity doesn’t need any adjustment!
Here’s the K-Dog’s nut graf:
It really is that stark: any growth projection that would permit thestock returns the privatizers need to make their schemes work would putSocial Security solidly in the black.
That is: unless the Repubs screw up the economy for generations to come, There. Is. No. Crisis.
Please share widely!
