Friday, February 04, 2005

Bankruptcy and the Sure Thing

FactCheck.org has a couple of problems with President Bush's State of the Union Speech. They're critical of the President using the term "bankruptcy" when talking about Social Security. They point out politicians of both major parties have used the term -- but that it creates the impression that Social Security will go out of business. It won't.

They also question whether private accounts are a "sure thing." They point out stock prices have risen a steady 6.8% over the past couple of centuries. But if you break it down to smaller chunks of time, things aren't always rosy. For instance, every major stock index is currently below where they stood 5 years ago. (FactCheck.org)

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