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Friday, February 04, 2005

matthew yglesias gives the most coherent and easy to understand explanation of the Bush Social Security Privatization plan that i've seen or heard so far.

so, why isn't the math being done on the national news? yesterday on NPR they had pro- and con- views of the plan discussed, and it was all about the ideology. no hard numbers given. sure, part of this is because the bush administration hasn't really given very many hard numbers, but we do have enough to do at least some rudimentary calculations on the actual rate of return for the average payee into the system vs. the average privatizer. and it doesn't look good, nope. c'mon, liberal media, let's get this out into the open!

i do note that NPR continues to refer to the scheme as "privatization," against the administration's [most recent] wishes.

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