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March 18, 2005
Social Security Ostrich: Robert B. Reich
Yes, the former Labor Secretary and Social Security Trustee is the new winner of the Ostrich award.
I don't believe Social Security needs fixing anyway. In the early 1990s, when I was Labor secretary, I was a trustee of the Social Security Trust Fund. So I know how those estimates about the future are made. If you assume that the economy will grow this century at about the same yearly rate that it has grown during the past 100 years — even including the Great Depression of Granddad's generation — the Social Security system will have enough money to pay all retirees what they've been promised for the next 75 years at least.The Social Security system might, but what about the taxpayers Professor Reich? For ducking the question of how we pay off the bonds in the trust fund, Robert B. Reich is the newest Social Security Ostrich. Congratulations!
Posted by David Hogberg at March 18, 2005 12:47 PM | Print
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