18th January 2004, 12:45 PM
There are problems with privatizing SSI... it's easy to invest and lose money. The government might lose money too but unlike a private insurer they guarantee that you will get the money you are owed. Let people invest it themselves and you will have a lot of retirees without much money on your hands for all kinds of reasons and no way for the government to help... that is just not good. It also harms SSI when it needs the money pretty badly.
Oh, another good article.
http://www.nytimes.com/2004/01/18/busine...8view.html
Oh, another good article.
http://www.nytimes.com/2004/01/18/busine...8view.html