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Which is all well and good strictly from the perspective of economics, but you want to run for reelection as POTUS or a congresscritter after you've wiped out a big chunk of your constituents retirement accounts?

It's not so clean when you add the political consideration.

Be nice to America. Or we'll bring democracy to your country.

by Drew J Jones (pedobear@pennstatefootball.com) on Tue Mar 3rd, 2009 at 08:19:59 AM EST
[ Parent ]
It's not clean it's messy. But as JakeS says
There is nothing wrong with letting private pension plans collapse that higher public pensions cannot solve.


Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Migeru (migeru at eurotrib dot com) on Tue Mar 3rd, 2009 at 08:40:35 AM EST
[ Parent ]
I don't disagree.  I'm just saying.

Be nice to America. Or we'll bring democracy to your country.
by Drew J Jones (pedobear@pennstatefootball.com) on Tue Mar 3rd, 2009 at 08:41:53 AM EST
[ Parent ]

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