[an amused spectator]

Spitzer is actually making a valid point, that if you want to have at least a semi-privatized system, you need to have some method of smoothing returns based on the economy’s performance over at least a decade, otherwise you have the situation he cites where the timing of workforce entry in retirement can create huge differences in returns as a result of only a year or two’s differences in entry in exit dates.

You also have to have some method of making sure that one of the political parties doesn't deliberately implode the stock market for political gain.

This is why the whoring Tax-Cheat schlub is full of baloney.

There's a saying: "There are no coincidences in politics". After 12 years at Free Republic, I believe it.

[USFRIENDINVICTORIA]

“You also have to have some method of making sure that one of the political parties doesn’t deliberately implode the stock market for political gain.”

Counting the minutes until the majority party orders an investigation, into its role in imploding the economy.