Re: Moderator question on Wednesday

[National Dialogue Moderator <moderator>]

Yes, privatization would make a stronger economy: Harvard University
Professor Martin Feldstein estimates that privatizing Social Security would
have a value of $10-$20 trillion to the U.S. economy and would permanently
increase our GDP by 5 percent. Over time that would translate into at least
one million new jobs and an increase in annual income of $5,000 for a family
of four. (How? Privatizing Social Security would lead to an increase in
national saving, with hundreds of billions of dollars invested through
individual accounts every year. Those investments, in turn, would
substantially increase national investment, productivity, wages, jobs, and
overall economic growth. In addition, privatizing Social Security would
amount to an effective cut in payroll taxes, boosting productivity and
employment.) Readers interested in the economic impact of personal accounts
can go to: http://www.socialsecurity.org/pubs/ssps/ssp7es.html

Darcy Olsen