Tuesday, May 11, 2004

Teachers' Union Needs Instruction

From a United Federation Of Teachers union document about Social Security and Medicare comes this line critical of conservative plans to augment the current Social Security system with private retirement accounts:
All experts agree that private individual accounts would exacerbate the situation and cause a multi-trillion dollar deficit that would have to be made up from general taxes.
All experts agree with the left? All of them?

Here's something Federal Reserve Chairman Alan Greenspan said on the topic. Doesn't sound like he agrees. Maybe he's not an expert? The full-time employees of the Cato Institute's Project on Social Security Choice must not be experts, either. Semi-experts, perhaps. I could go on.

Trustworthy analysis like this must be why Congress, in its wisdom, made union dues tax-deductible.

Posted by Amy Ridenour at 3:42 AM

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