Screw your grandchildren

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http://slate.com/id/2113055/

"Sounds terrific. Except what Bush proposed is actually the exact
opposite: His plan would allow the current generation of retirees and
near-retirees to keep the current system, the one where they receive far
more money than they put in during their lifetimes, while requiring the
next generation to subsist on their own earnings for retirement. This
isn't the equivalent of parents saving for Johnny's 529 plan. This is
Mom and Dad asking Johnny to invest part of his allowance so that they
won't have to bother with paying for college. You could call Bush's idea
the Screw Your Grandchildren Act."

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This page contains a single entry by Doug Treder published on February 3, 2005 11:00 AM.

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