Thursday, January 22, 2004

This report from Josh Marshall takes down an attempted smear on John Edwards on Social Security.

    But there's a basic point here that Drudge (or rather his liaison at the RNC or the White House or whomever) is intentionally obscuring. The debate over Social Security is about whether risk is pooled or whether it's individualized. Are there guarentees? Or do you invest your money and take your chances on your own? As one friend of mine said a while back, if it's not Social, it's not Security.

    What Edwards was supporting in 1998 was taking a small portion of aggregate funds and investing them in the market, not creating individual accounts. And for those who are big Social Security policy wonks that makes all the difference in the world.

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