December 7, 2007

Bush’s Teaser-Freezer plan is more of what caused the problem in the first place: the “I’ll be gone-You’ll be gone” (IBG-YBG) approach that collects payments in the present and pushes costs into the future. The underlying weakness has not been addressed, it is merely being deferred through obfuscation and subsidy until the current generation of political and business leaders is able to retire without having to bear responsibility for a coming reevaluation that remains inevitable.


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