Why Mitt Romney's Entitlement-Privatization Plan Is Crazy

[abelenkpe]

Why Mitt Romney's Entitlement-Privatization Plan Is Crazy

http://www.rollingstone.com/politics/blogs/taibblog/why-mitt-romneys-entitlement-privatization-plan-is-crazy-20111108?utm

So we had a giant financial crash in 2008 that necessitated a bailout costing a minimum of nearly $5 trillion and perhaps ultimately costing $10 trillion more, we have foreclosure crisis with more than million people a year losing their homes, and we have a burgeoning European debt disaster that threatens to devastate the global financial system – and the chief issue facing the country, according to Brooks and the Times, is reforming the entitlement system?

The column goes on to throw bouquets on Romney’s plan to semi-privatize Medicare and Social Security. Romney’s ideas are not as draconian as Paul Ryan's, but they do pave the way for Wall Street’s ultimate goal – full privatization of Social Security and Medicare.

Think about what such reforms might mean. Your typical Medicare/Social Security recipient might already have been ripped off three different ways in this era.

(more at link)

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[Turbineguy]

1. Well

if that Medicare recipient has a saving account they're getting nearly zero in interest. If that medicare recipient has stocks and bonds they are getting looted by Wall Street.

[libinnyandia]

2. I cry when I think of all the trees that died in order to provide

newsprint for David Brooks' column. I could never understand why the Times has him as a cloumnist. Try as I might I could hardly ever see any point to what he said.