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Title: Predictable right wing tripe
Review: The Cato Institute has put out another study polluted by their laissez faire (government hands off the economy) approach to looking at the world.They want us to gamble away out life's earnings. For what? To produce money for investment managers. It is all part of a philosophy to say that there is no place for government to help people stay out of poverty.The stock and bond markets are not sure, safe and stable places to invest one's money. Look at what happened to markets after 9/11. Administrative costs for these private accounts have eaten away at earnings in Chile and Britain where they have been tried.The U.S. has record immigration, a growing population; and the Social Security funds are solvent for at least the next forty years. So, why the urgency to privatize?!
