Guarenteed Retirement Account Bailout (G.R.A.B.)
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Thursday, August 26, 2010
GOPUSA � Commentary � Sherline: Privatizing Social Security
GOPUSA � Commentary � Sherline: Privatizing Social Security: "The best answer to reforming the Social Security system is to wean it off the government dole by allowing people to set aside at least some portion of their payroll taxes in personal investment accounts for their own retirement. This has been done with considerable success in Chile, where the CATO Institute reported that during the first 22 years of their program, the rate of return 'was an astonishing 10 percent above inflation.' (Economist Estelle James Examines Chile's Pension System, February 25, 2005)."
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