More Reasons To Privatize Social Security
Paul Craig Roberts offers a convincing solution to the Social Security debacle ("A Social Security system that's putting America's to shame," Economic Viewpoint, Mar. 27). When world financial markets see political support in Washington for privatization, confidence in our resolve to put our financial house in order will be restored. It will be a major boost to the ailing dollar and will lower the cost of capital by adding billions to the capital markets. The resulting rise in investment and economic activity will create jobs, expand the tax base, and help cut the deficit. The political leader--and I stress leader--who can sell this to the public should have a bright future.
J. Laurence Jones III