Cold facts about Chile (Buyer, Beware Herman Cain's proposed Chilean Social Security Model)

The Spokesman Review ^ | 09/27/2011 | Joanna Macpherson

[manic4organic]

Donate here: http://www.hermancain.com

[SharpRightTurn]

“our system is fully funded until 2037”

Show me the money.

[rcofdayton]

That’si right. If you beieve this, I have a bridge in Broolyn to sell.

[hinckley buzzard]

According to U.S. Social Security Trustees projections, our system is fully funded until 2037. If economic growth continues at the rate it has for the past 50 years, it will be funded indefinitely and with minor changes funded past 2075

And you believe this.

[BfloGuy]

Why are you citing a left-wing editorial? Have you done any research to find out if it's accurate? Have you even ever paid any attention to Chile's pension system?

Here's another take. Chile's pension system was implemented with the usual flaws of any government legislation, but the private part has worked just fine.

The problems center around the number of people who weren't required to enter it and the current government's attempts to bring them in through the usual socialist methods.

Of course, the author's belief in the solvency of our system has already been mentioned and completely blows any credibility this post might have had.

[SeekAndFind]

RE: Why are you citing a left-wing editorial?

So that I can read REFUTATIONS of it in FR.

Posting something does not mean one agrees with it.

[cynwoody]

If the Chilean system is so bad, how come 95% of Chileans opt in?

[RobertClark]

I want it to be really private. Take it all out if you want to and spend it. Leave it to the kids, whatever. The Chilean system allows you to leave your remaining account to an heir as part of your estate.

[GeronL]

That is great, I like that