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December 14, 2005



Finally, a blade worthy of the Gordian knot. It was only the fog of politics that kept an actuarilly sound Social Security System from being developed. Even Krugman thought there was a crisis when the reins of power were in Democratic hands.


Wow. Raise taxes and cut benefits. How novel!


It was one or the other or both or neither. Both is best, but mandatory private accounts are prabably to prevent those who opted out from crying foul later.

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