Tuesday, February 08, 2005

Don't get fooled

This is just the same crap, different name. All courtesy of David Brooks.

So, if I'm understanding this correctly, we'd create private accounts for people and stick a little money in them, then we'd slash Social Security benefits. Finally, we'd allow people to divert their payroll taxes into their private accounts. Now, except for the fact that the government started off by putting some money into people's personal accounts, I'm not sure how this is different than the current White House proposal, which skips right to steps two and three (cutting benefits and allowing people to divert money into private accounts).
Left Coaster put me onto this "Kidsave" initiative.

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