Thursday, March 24, 2005

Social Security News and Connections

The Detroit Free Press reports on Cheney’s talk pushing Social Security reform to a large group in Battle Creek, MI. He is pushing private accounts as a way to resolve the problems with Social Security. He was asked why the government didn’t invest the trust fund in the market, but Cheney dismissed that with the statement “There's a lot of resistance to the notion that the federal government own that big a piece of the stock market".

What he doesn’t say is that the total fees for investing that way (like private retirement funds do) would be a lot lower than would be the fees for individual retirement accounts and more of the investment money would be available to retirees.

The CATO Institute has what it calls the Project on Social Security Choice.

The Cato Institute From dKosopedia, the free political encyclopedia. The CATO Instutute is a Libertarian think tank. According to their website, it was founded in 1977 by Edward H. Crane. It is a non-profit public policy research foundation headquartered in Washington, D.C. The Institute is named for Cato's Letters, a series of libertarian pamphlets that helped lay the philosophical foundation for the American Revolution. My Addendum – They have an ideological dislike for government involvement in anything other than the military, so they will push non-government alternatives even when government solutions work better.

The Century Foundation Project offers The Social Security Network. The Century Foundation Project is a progressive think tank.


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