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Larry Kotlikoff: US Economic Policy, Social Security & The US Debt Crisis

Money Tree Investing

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Is Wall Street the Game Plan?

We don't want a privatized system where you get a great rate of return because your broker is smart, and i get a lazarated return. That was george bush's idea. That was bill clinton's idea for how to fix the system. But thea the game plan is not to put our kids into debtors prison by leaving them 53 trillion dollars. You pay them off through time with the fica tax and gradually pica tax, and come down. At the same time, you've a fully funded, personalized account hat's got progressivity, that's got protection for non working spouses or spouses earning less. It also has anuitization, inflation protection,

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