The Babe Theory Of Political Movements.
Mar. 21, 2005 11:50 AM
Iran's Sham Election In Houston.
June 20, 2005 5:36 AM
Yes, Kanye, Bush Does Care.
Oct. 31, 2005 12:41 AM
Health Care vs. Wealth Care.
Nov. 23, 2005 3:28 PM
Americans Voting With Their Feet.
Nov. 30, 2005 1:33 PM
Idea Majorities Matter.
May 12, 2006 6:15 PM
Twilight Zone Economics.
Oct. 17, 2006 12:30 AM
The "Shrinking" Middle Class.
Dec. 13, 2006 1:01 PM
From Ashes, GOP Opportunities.
Dec. 18, 2006 6:37 PM
Battle Between Entitlements & Pork.
Dec. 21, 2006 12:31 PM
Let Economic Freedom Reign.
Dec. 22, 2006 10:22 PM
Biggest Health Care Moment In Decades.
July 25, 2007 4:32 PM
Unions Antithetical to Liberty.
May 28, 2008 11:12 PM
Right To Work States Rock.
June 9, 2008 12:25 PM
Social Security Reform Thursday.
March 13, 2008
Caption Contest: Enter Today!
Due: July 29, 2008
The Carnival Of Classiness.
Mar. 14, 2006
Quotational Therapy: Obama.
Apr. 4, 2008
Mainstream Melee: Wolfowitz.
May 19, 2007
Pundit Roundtable: Leaks.
July 9, 2006
A WILLisms.com(ic), by Ken McCracken
July 14, 2006
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Reform Thursday: Week Thirteen.
Thursdays are good days for reform, because they fall between Wednesdays and Fridays.
That's why WILLisms.com will display a chart or graph, every Thursday, pertinent to Social Security reform. The graphics are mostly self-explanatory, but we include commentary on some of them where and when necessary.
Yesterday, we noted how Americans, especially younger Americans, are pro-choice on Social Security.
But, how do we know that people, especially younger people, will make the right investment choices? Won't they just take the money and run to Vegas?
Well, no. While personal accounts would offer people options, choices, and individual control, every responsible reform plan would prevent people from footling their retirement money away at an early age.
Lifecycle funds essentially are investment accounts in which, as a worker gets closer to retirement, the account becomes more conservative (more bonds, less stocks). This ensures that a down time in the market just prior to retirement will not hurt an individual's portfolio.
Clearly, younger investors are more pro-choice on Social Security reform, because they understand that personal accounts are not some kind of risky scheme. Rather, the status quo is what is so risky. It is not difficult to choose a safe and secure fund, and thus the "risky scheme" critique of reform is not working.
Previous Reform Thursday graphics can be seen here:
Posted by Will Franklin · 28 April 2005 11:27 AM
Thursdays are good days for reform, because it falls between Wednesday and Friday! Yea! it is reform Thursday at WILLisms.com ....I love reform Thursday!
Posted by: Zsa Zsa at April 28, 2005 02:19 PM