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 so that other readers there can find it, too.

Keep up the good work!