To: OESY
Two other wrinkles: First, adopt what's called the Pollock Plan (named after my colleague at the American Enterprise Institute, Alex Pollock, and now a Senate bill). All the bonds issued by the Treasury when it borrows Social Security money should go directly into the accounts of individual workers, rather than to a trust fund. No thanks. All that does is move IOUs from the government to individuals. But the government still spends the surplus.
2 posted on
07/25/2005 6:05:29 AM PDT by
dirtboy
(Drool overflowed my buffer...)
To: dirtboy
The Pollock plan is slightly better than what we have now. At least it is as much of a guarantee as any other bond instead of being paid at the whim of Congress. It would be nice if those bonds could be resold on the market by the people so if they wanted to buy stocks instead they could.
4 posted on
07/25/2005 6:32:34 AM PDT by
KarlInOhio
(Bork should have had Kennedy's USSC seat and Kelo v. New London would have gone the other way.)
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