Social Security
* Social Security privatization scenario: Congress passes 2% Social Security privatization.
Wall Street gleefully awaits sheep to be sheared.
Stocks go up to record highs for a year or so.
Stocks tumble and keep on tumbling for many weeks.
Panic selling by many Social Security accounts exacerbates stock decline.
Thousands and thousands of Social Security accounts lose rather than gain money.
Al Gore busily writing his memoirs says, “I told you so!”
ALLEN WHITE
Costa Mesa
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