5/15/2005

Tierney at it again

John Tierney continued his spate of columns arguing for Social Security privatization Saturday. Having already perpetuated myths about Chile's dreadful tangle with privatization, this time he turned to spreading some common misconceptions about Social Security's trust funds. Tierney makes a common, if disingenous plea, privatization is the only way we can keep the trust funds from being spent...since no one can control Congress' spending urges, we should protect ourselves by putting the money where they can't get it--in personal accounts.