Thursday, February 10, 2005

Not a crisis

The headline from this story in The Washington Post today reads: "Social Security Problems Not a Crisis, Most Say". This is the first paragraph:
Most Americans are certain Social Security will go bankrupt but are not ready to embrace changes that would shore up the system's finances, according to two surveys by The Washington Post, the Henry J. Kaiser Family Foundation and Harvard University.

So, Social Security *is* going bankrupt but we shouldn't do anything to fix it? Maybe Democrats' belief that Americans are too stupid to invest their own money has some merit after all.

The study also showed that 47% of Americans believe that the government should be mainly responsible for a minimum standard of living in retirement, while only 35% believe it's the individuals' responsibility. That's really scarey.

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