Quote:
Originally Posted by Rebellion";p="
Social security privatization is not spending.
|
Actually, I think it is. I was mistaken earlier, when I thought this was simply a bookkeeping problem. The $1 trillion to $2 trillion is what the government will have to pay current retirees for benefits that are no longer being paid by the contributions of current workers. It's the cost of transitioning from a "current workers support current retirees" plan to a "current workers control their own retirement money" plan.