Social Security Personal Accounts and the Financial Crisis
This column by ACRU General Counsel and Policy Director for the Carleson Center for Public Policy (CCPP) Peter Ferrara was published March 25, 2011 on Forbes.com.
In a weekly radio address on Aug. 14 of last year, President Obama taunted Republicans on the issue of a personal savings and investment account option for Social Security, which President Bush had campaigned on successfully in 2000 and 2004. Obama said such a personal account option was “an ill-conceived idea … tying your benefits to the whims of Wall Street traders and the ups and downs of the stock market.”
Accusing Republicans of still […]

