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Ted Cruz

You really want to privatize Social Security in THIS market?

You really want to privatize Social Security in THIS market?

The enduring mystery about President George W. Bush's old plan to privatize Social Security by moving contributions into individual savings accounts is how it survived two market crashes and decades of underperformance by workers' 401(k) accounts. Yet this idea still walks among us, like a zombie. As Bryce Covert of ThinkProgress observed Monday, it's been hawked by several of today's aspirants to the Republican nomination for President, including George W.'s brother Jeb, Sen. Ted Cruz (R-Tex.), Sen. Rand Paul, (R-Ky.), and Mike Huckabee and Rick Perry.  One would think no one needs more evidence to understand why privatizing...

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