Monday, January 31, 2005
Krugman: Many Unhappy Returns
In his latest column, Paul Krugman exposes the great contradiction in the privatizers' scheme: It relies on the belief that the US economy will be simultaneously Forever Bull AND Forever Bear. Needless to say, this simply isn't possible, no matter how many times the privatizers click the heels of their ruby-red slippers. Oh, and by the way: If the economy were to grow at the Forever Bull rate the privatizers use when they want to talk up stock performances, then Social Security as it currently stands wouldn't need any tweaking whatsoever.
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