I wonder if that is really Ken Mehlman. Sounds like something he'd say, though.
Ken, do you have any other defense of the plan other than that certain polls reflect a positive view of it? What actually makes it a good idea?
Private accounts sound like a good idea, if you trust the average citizen as an investor. I am a college man and still took a bath in the stock market in 2000. It's no walk in the park.
Of course the public believes there is a crisis, since that is practically all Mr Bush talked about for a good few weeks. It received major news coverage from a co-operative press corps. But is it really a huge problem? I'm not an economist, so I don't know.
From where I'm standing, raising the retirement age seems like a fine idea. The current age was designed in a different era, when people weren't living to be 85 and up with any regularity. If we get people working for even five years longer, we'd go a long way towards lessening the severity of this supposed crisis.