April 8, 2012

C'MON, YOU'RE NOT SUPPOSED TO TAKE OUR SUDDEN OPPOSITION TO OUR OWN POLICIES SERIOUSLY:

Newt touts 'Chilean model' for Social Security (BYRON TAU, 4/8/1, Politico)

Newt Gingrich Sunday said that he'd like to see the United States adopt a 'Chilean model' for Social Security -- a pension system that is reliant on a government mandated purchase of a private investment account. [...]

The idea of personal savings accounts was first raised in a September GOP debate by then-presidential candidate Herman Cain. Conservatives are in the midst of a battle against President Barack Obama's health care law, citing the individual mandate as a violation of personal liberty. But the Chilean pension model relies on a similar regulatory scheme, forcing workers to contribute at least 10 percent of their pre-tax wages into a private investment account.

Posted by at April 8, 2012 11:57 AM
  

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