Personal accounts and the savings rate

posted by
September 12, 2011
Freedom Politics
by Timothy B. Lee  
Posted in Commentary

"Rick Perry's recent comparison of Social Security to a Ponzi scheme has resurrected the long-running debate over the solvency of Social Security. Many libertarians and conservatives advocate shifting from the current pay-as-you-go system -- in which taxes on today's workers finance the Social Security checks of today's retirees -- to a system of personal accounts in which each worker's retirement funds are set aside for his own retirement." (09/12/11)  

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