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Advocates
Advocates are divided into two groups:
- Those who favor privatization
- Those who oppose privatization
We have provided a(n entirely subjective) guide, ranking each as follows:
-      |
Breadth of information and support for their position (more is better) |
-      |
Mendacity (less is better) |
Favor Privatization
| Organization |
Breadth of
Information |
Mendacity |
| Cato Institute |
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Cato is unabashed about killing Social Security entirely. They
cite the SSA evaluation of Rep. Johnson's plan and note that "According
to the official 'scoring' by the Social Security Administration
of Rep. Sam Johnson's reform legislation, which is based on the
Cato Institute's own Social Security plan, the bill "would
eliminate Social Security's long-range actuarial deficit" and
restore the system to "sustainable solvency."
Of course it does -- it completely eliminates the traditional
retirement benefits (even as an option), replacing them with mandatory
private accounts (and allows employees to "opt out" entirely
when their private account will produce an annuity equal to 100%
of poverty). It's also the only plan that will actually reduce the
value of funds already contributed.
One piece of reading, relating to political strategy rather than
the content of the plan, is "The
'Leninist' Strategy" (pdf). Some point to the rather Machiavellian
tactics suggesting for winning political support (and how they have
been followed since it was written, back in 1983), one can also
note, with some irony, the success claimed for then new British
plan to privatize, noting "It does seem that the price people
are willing to pay to leave Social Security is substantial."
Ironically, current events in Great Britain show just how substantial
that price turned out to be, as Britain scrambles to undo the problems
created by privatization there.
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| Heritage
Foundation |
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Less frantic than Cato and without a full blown plan, the Heritage
Foundation offers the conservative argument for private accounts
-- that they "will give workers much more flexibility to provide
for their retirements and to build a nest egg for the future"
-- and treats the current system as if it were solely a saving s
program, but if one wants to understand or support the conservative
position, this is probably the best source.
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| Progress for America
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This is the special interest group, formed for this fight, that
launched it's first attack by insisting that AARP was against soldiers
and for gays. It doesn't get more mendacious than that.
(That it got even one book for breadth of knowledge is a flaw in
the rating system -- we don't give zero books....)
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Oppose Privatization
Notes
1. Regnier, Pat, "What Every Family Needs to Know About Social Security,"
Money Magazine, April 2005, page 153
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