What if we'd already privatized social security? Even some Republicans are pretending they never had this bad idea. (Taxonomist).(Brief Article)

LATE IN THE FALL OF 1999, PRESIDENTIAL CANDIDATE George W. Bush began talking up the idea of investing the Social Security Trust Fund in the stock market. What would have happened if his wish had immediately come true? Bush's idea was--and apparently still is--that invested in stocks, Social Security could earn such a high rate of return that all of the program's long-term financial problems would be solved.

As he put it on Meet the Press on Nov. 21, 1999, shifting toward personal stock-market investment accounts was necessary "in order to make sure there are benefits ...

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