Think Progress

Press Conference: Go See Private Accounts in Action

By Think Progress on Apr 28th, 2005 at 8:37 pm

Press Conference: Go See Private Accounts in Action

The President suggested that we go to some of the states where American employers are given personal accounts. Senator Barbara Boxer not only took that trip but also wrote up a report on it. Its conclusion:

“By examining the actual system in place in Texas, this study shows that Americans are worse off with privatized accounts – not in theory, but in reality.”

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4 Responses to “Press Conference: Go See Private Accounts in Action”

David K. says:

Didn’t he also say something to the effect that it was important to get good returns on those investments in private accounts so we would have the money to help pay all the taxes our big deficit requires?
April 28th, 2005 at 9:36 pm
cavanaghjam says:

Sorry, but the Boxer report is too small a sample over too small a time span to be significant. There are far more damning and provable facts with which too sink this “plan”. Administrative costs would be a nice start.

BTW, Bush’s painting of a rosy scenario for investment return is a violation of SEC rules, the ones that mandate the disclaimer found on all mutual fund literature, “Past performance is no indication of future performance.”
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Press Conference: Go See Private Accounts in Action

Press Conference: Go See Private Accounts in Action

4 Responses to “Press Conference: Go See Private Accounts in Action”

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