Time: Sun May 25 04:26:38 1997
by primenet.com (8.8.5/8.8.5) with ESMTP id EAA21710;
Sun, 25 May 1997 04:02:06 -0700 (MST)
by usr03.primenet.com (8.8.5/8.8.5) with SMTP id EAA19971;
Sun, 25 May 1997 04:02:00 -0700 (MST)
Date: Sun, 25 May 1997 04:16:22 -0700
To: (Recipient list suppressed)
From: Paul Andrew Mitchell [address in tool bar]
Subject: SLS: Cato: Social Security Privitization (fwd)
<snip>
>
>ANALYST OFFERS DETAILED SOCIAL SECURITY PRIVATIZATION PLAN
>
>The Cato Institute has released a detailed plan for privatizing Social
>Security, without increasing taxes or cutting benefits.
>
>In "A Plan for Privatizing Social Security," Peter Ferrara, general
>counsel and chief economist at Americans for Tax Reform and a Cato
>associate policy analyst, offers a detailed reform plan that can be turned
>into legislation. Ferrara's proposal is based on freedom for current
>workers to choose either the private option or the current system,
>recognition bonds from the federal government for workers who opt out of
>Social Security and full promised benefits for current retirees.
>
>Ferrara notes that the biggest obstacle to privatizing Social Security has
>been the cost of the transition to a privatized system, but the
>projections of the fiscal impact of his plan show that the transition can
>be financed without new taxes and without cutting benefits for today's
>recipients.
>
>"These projections place the transition in a whole new
>perspective,"Ferrara writes. "They show that the transition is financially
>feasible and manageable and that modest short-term sacrifices would lead
>to long-term surpluses that would ultimately reduce the federal budget
>deficit."
>
>Without endorsing any specific proposal, the Cato Project on Social
>Security Privatization presents Ferrara's plan as the first in a series of
>alternative scenarios for Social Security privatization.
>
>Social Security Paper no. 8 (http://www.cato.org/pubs/ssps/ssp8es.html)
>
>--
>This message distributed by the Indiana Republican Liberty Caucus -
>fighting for personal and economic freedoms and liberties in the Hoosier
>state. If you are interested or a libertarian Republican in Indiana, write
>INRLC@aol.com for details.
>
>
>
>=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=
>To unsubscribe from this mailing list, DISREGARD ANY INSTRUCTIONS ABOVE and
>go to the Web page at http://www.maillist.net/rightnow.html. New
>subscriptions can also be entered at this page. If you cannot access the
>World Wide Web, send an e-mail message to RightNow-Request@MailList.Net and
>on the SUBJECT LINE put the single word: unsubscribe
>
>
>
========================================================================
Paul Andrew, Mitchell, B.A., M.S. : Counselor at Law, federal witness
email: [address in tool bar] : Eudora Pro 3.0.1 on Intel 586 CPU
web site: http://www.supremelaw.com : library & law school registration
ship to: c/o 2509 N. Campbell, #1776 : this is free speech, at its best
Tucson, Arizona state : state zone, not the federal zone
Postal Zone 85719/tdc : USPS delays first class w/o this
========================================================================
Return to Table of Contents for
Supreme Law School: E-mail