A tax-free universal savings account is an IRA. To me this sounded like an allusion to the sort of plan Teresa Ghilarducci has put together. An add-on to SS, not a substitution. This would not preclude some change in SS.
http://www.sharedprosperity.org/bp204.html -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Gar Lipow Sent: Wednesday, February 25, 2009 12:27 AM To: Progressive Economists List Subject: [Pen-l] Obama going after full privatization of Social Security >From his speech: >To preserve our long-term fiscal health, we must also address the growing costs in Medicare and Social Security. Comprehensive health care reform is the best way to strengthen Medicare for years to come. And we must also begin a conversation on how to do the same for Social Security, while creating tax-free universal savings accounts for all Americans http://www.huffingtonpost.com/2009/02/24/obama-speech-tonight-vide_n_1 69671.html No matter how bad you expect them to be they are always worse. I always assumed he'd try for a small cut in benefits. But this looks like he is going for full privatization. Anyone have a differing interpretation? _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
