iOS app Android app More

Joe Klein: I Was Wrong On Social Security

First Posted: 01/26/11 05:12 AM ET Updated: 05/25/11 07:15 PM ET

Joe Klein Social Security

TIME:

But I think we'd learn more if we took a look at one of my goofs: I supported George W. Bush's idea of partially privatizing Social Security, which he tried to enact after he was re-elected in 2004. This was a close call for me at the time; it seems positively idiotic now that we've experienced the Great Recession -- and the idea of private investment has finally regained proper perspective. Investment is about risk; Social Security is about certainty. A fair amount of certainty is crucial when it comes to retirement. Why, you might ask, was I blind to this simple proposition at the time?

Read the whole story: TIME

FOLLOW HUFFPOST POLITICS
Subscribe to the HuffPost Hill newsletter!
Filed by Whitney Snyder  |