ugh . . . i hate when people throw out jargon as shorthand for superior enlightenment, retreat behind it and then refuse to examine their position
again, how is this tired 'moral hazard' canard any worse than what we've got?
"pay as you go" is not "pay what you can"--there is a level of expectation, among those who need benefits to make ends meet, that can't be ignored when we hit negative cash flow
since a lockbox is not an option where politicians are involved, the only difference is that under the current system the coin's already been tossed--whereas what's proposed gives us another toss in the private sector
This is what Compassionate Conservatism leads to, and hearing the President say Rich people dont deserve their money was disturbing!
I am not sure what your point is. Private accounts do nothing to reduce the actuarial deficit in the system.