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Decolliber Decolliber is offline
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Join Date: Jan 2001
Location: Iowa
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Krugman on SS reform:
http://www.bepress.com/cgi/viewcontent.cgi?article=1048&context=ev

Basically, he says there is no crisis and the privatization proponents are idiots. For example, even though revenues may exceed disbursements in 2018, the trust fund will have a healthy income from interest on its government securities. By implication, there is no need to cut benefits. Reading between the lines, Krugman is saying that the whole ss crisis is a Wall Street scam designed to get them lots of management fees from privatisation.
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Old 01-06-2005, 08:35 AM
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