>Private accounts

>I should note that my previous post is not an argument for private accounts, since they makes the problem even worse. The money diverted to create private accounts is equivalent to additional benefits paid now in exchange for reduced benefits in the future. While the reduced benefits in the future is nice from a budget balance perspective, the increased current benefits result in an additional $2T in short-term borrowing (within the next decade).


About perkinsms

I'm an engineer and father interested in transit, parking and economics.
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