The Little Dutch Boy And The Dumb Ass

 

1. Constantin T. Gurdgiev, Department of Economics, Trinity College, Dublin had this to say about Personal Savings Accounts (PSA) in Social Security;

   “A seccessful example of such reform is offered by Chile, which in 1980 replaced the PAYE-type entitlement with the privately administered system of Pension Savings Accounts (PSA).  According to Dr. Jose Pinera, the pension account architect, within 23 years of operation, the system based on voluntary participation attracted more than 95% of workers, increased the national savings rate to 27% of the GNP and helped push economic growth to 6.5% per annum.  Most importantly, the PSA system closed the country’s pension gap.”

   Posted by Z Woof       05/05/2005  at  06:44 AM  



2. Z Woof,

   I’ve read this before.  Nothing like a good example to set precedent...but no, the liberals have to whine and traduce all of Bush’s ideas so they can hardly be heard. 

   What is wrong with people??!!??  Argh..

   Posted by Phoenix       05/05/2005  at  01:01 PM  



3. Exactly OCM, we are united.

   Hope your surgery went well.

   Remember us when you settle out of court.

   Posted by Z Woof       05/05/2005  at  02:50 PM  

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