Friday, February 04, 2005

Bush has got to be the worst financial advisor ever

From today's Krugman:

[T]he logic of Bush-style Social Security privatization: it is, in effect, as if your financial adviser told you that you wouldn't have enough money when you retire - but you shouldn't save more. Instead, you should borrow a lot of money, buy stocks and hope for capital gains.


There. That's pretty easy to understand, isn't it? Protect your future by buying stocks on margin.

1 comment:

jenniebee said...

Hi - I found you through Be Bothered's Featured Blog. Good piece on Social Security - I'd like to invite you to track it back to one of Be Bothered's Social Security collection points (try Trackback URL http://blogs.confusticate.com/cgi-bin/mt-tb.cgi/754) so that other readers there can find it, too.

Keep up the good work!