Privatizing Social Security: Who Wins?
Against The Current vol. 114
Prins, Nomi
http://www.solidarity-us.org//node/1141
Date Written: 2005-01-01
Publisher: Against The Current
Year Published: 2005
Resource Type: Article
Cx Number: CX13107
Over the years, there have been numerous attempts and proposals to privatize the social security system. It was a key Republican platform item in the 2000 election. The idea was subsequently thwarted by the small matter of the stock market bust that wiped out $8 trillion of market value, and caused a 60% drop in the NASDAQ over the first two years of Bush's first term.
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