I figured this would be a good companion piece for the article about Jindal's Medicare reform plan, especially given that the note I'm working on for the Elder Law Journal analyzes the common problems facing Medicare and Social Security and offers a joint solution.
One of the most common criticisms of a partial privatization solution to entitlement reform is concerns about what would happen in an economy like the one we're facing now. This piece by Ed Morrissey analyzes that concern and dismisses it. The one fact that he leaves out, which I find to be the most persuasive, is the fact that even during the nation's worst economic period, the Great Depression, the average rate of return on private stocks was still greater than the rate of return people see on their payroll taxes that go toward Social Security today.
Social Security and the market meltdown by Ed Morrissey - Hot Air
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