Friday, November 25, 2005
The current proposal for private stock accounts would take 75 years to achieve positive cash flow while also requiring massive transitional borrowing. I talk about the need for common sense in economic predictions, and I explain how the solvency of our government is largely dependent upon the solvency of our citizens.
“...And all these academics, all these economists, they're so fond of making all these economic predictions, all of these numbers calculated out and projected into the future. But real life doesn't work that way. You can't predict 75 years out into the future; you don't know what's going to happen then...”
Podcast: 11/25/2005 - Predictions Are Just That (MP3 - 10.8 MB) | Listen Now!
Question: What if private stock accounts don't work out so well?
