tag:blogger.com,1999:blog-9036266.post796218084848062864..comments2023-10-10T03:08:54.038-07:00Comments on The Bruce Web & Social Security Defender: Italian Pension Privatization: a Cautionary TaleBruce Webbhttp://www.blogger.com/profile/13222670342780912788noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-9036266.post-48585258156515505892009-01-25T19:56:00.000-08:002009-01-25T19:56:00.000-08:00More on the new Administration's possible plans re...More on the new Administration's possible plans regarding Social Security (aka spending some political capital) at http://www.whitehouse.gov/agenda/seniors_and_social_security. <BR/><BR/>Relevant exerpts below:<BR/><BR/>• Create Automatic Workplace Pensions: Under the Obama-Biden plan, employers who do not currently offer a retirement plan will be required to enroll their employees in a direct-deposit IRA account.<BR/>• Expand Retirement Savings Incentives for Working Families: Obama and Biden will create a savings match for low and middle-income Americans. The savings match will be automatically deposited into designated personal accounts. <BR/><BR/>I think we have the possibility of a double-header here — justification for Social Security benefit rollbacks AND creation of immediate financial windfalls with new streams of guaranteed revenue for Wall Street in perpetuity. <BR/><BR/>Sounds like the same old Washington Consensus to me, just another flavor of privatization.Anonymousnoreply@blogger.com