hearts and minds

August 6, 2006

The King’s Rook Social Security Gambit (part 2)

In a previous column I described the intended purposes of the seventy-year-old Social Security system, and criticized the lavishly funded, ideologically and greed driven propaganda that willfully confuses the Social Security insurance program with the volatile, risky portion of an affluent investor’s portfolio. This column will highlight the nature of the crisis that threatens this vital program that insures almost all American workers and their families against consequences of loss of income when a worker dies, or becomes disabled or attains retirement age.
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The Piratical Heirs of Ebenezer (part 1)

The advocates of privatization play fast and loose with language and the truth, in the pursuit of their goals. A case in point is Social Security. Privateers sneer at what they deride as a paltry ‘return on investment’. But they disregard and refuse to count the most important returns, while evaluating a critical insurance program as though it were an investment scheme.
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