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Wednesday, January 26, 2005

You Better Hope You Die Before You Get Old

The Bushies are about to launch a $50 million to $100 million dollar propaganda campaign to convince us the Social Security system is in crisis. Actually, it's not. It's quite robust and has astonishingly low administrative costs, less than 1 percent.

According to President Bush's own Commission to "Strengthen Social Security," the administrative costs of keeping track of private accounts will be 10 to 30 times the cost of administering the current system.

-- Molly Ivins


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