[WarrenC]

These Templeton curves really illuminate the issue, IMO. They are embedded in the article, but I don't know how to copy them. You can see them in the original story on NRO.

[daviddennis]

I don't see this anywhere on the NRO home page - do you have a link?

Many thanks.

D

[Torie]

Because of the higher rates of return in the private equity markets

The above is the Deus ex machina. Apparently Templeton assumes a 6.4% real return above inflation, with presumably the higher returning offsetting the government SS payout obligation (the workers being better off bit I think was just a throw-away line). Wonderful.

[lotusblos]

"He points to a huge amount of borrowing necessary to fund these accounts."

What a load of crap. They're currently funding other vote-buying programs with our SS contributions and then they have the nerve to say we'd have to borrow to fund our own retirement accounts.

[Fishing-guy]

Why not have a third system? Maintain the current social security system. Then let others invest as much as they want in tax-free private investments, with the understanding that these investments are for future retirement.

Of course, the federal deficit will probably go through the roof with this plan.