The Social Security Dividend
"Privatized Privatization"

Economist Roundup
Most leading economists and experts will tell you that Social Security is the safest, most attractive investment for workers today.

I agree with them completely and my certificates are an opportunity to put even more of your money into this great plan.

But don't just take my word for it. Here's what they have to say.

Social Security is in great shape
  • Economist Roger Lowenstein explains in the New York Times:

    • Current CBO estimates on future wage growth are pessimistic and thus we should count on it being well funded through 2075.
    • A mere 1.89% FICA increase will keep the SSA solvent for 75 years.
    • CBO lifespan estimates are overly optimistic and Social Security shortfalls assume medical miracles will radically extend lifespans. In reality, those shortfalls could turn into surpluses if these expected miracles do not occur.
  • Nobel Prize winner Paul Krugman proves:

    • The trust fund is solid and we can be assured it can maintain Social Security, with absolutely no change to benefits or taxes, until 2042. Link
    • Modest injections to the system will keep it robust for longer than we can expect to live. Link
  • Economist Dean Baker discusses:

    • After 2042 the SSA will be able to pay a higher benefit in today's dollars than they pay now.

Private investing is a bad idea, not just compared to Social Security but as a general rule

  • Dean Baker:

    • Equity returns in the future cannot sustain past growth, as his chart shows.
    • Private investment is terribly inefficient compared to Social Security. ( View Chart)
  • Nobel Prize winner Paul Krugman explains that private investment is going to be worse than Social Security in the future. Link
  • American Prospect journalist Norma Cohen analyses SSA vs. private investment and finds private investment to be inferior. View the article .
  • UC Berkeley professor of economics Brad Delong breaks it down and proves equity returns in the future will be poor compared to past returns. Read the whole thing.
  • American Prospect journalist Matt Yglesias is another expert who has concluded future stock returns will be terrible and you should be glad to have your money in Social Security. Full article.

Feel free to send me other good links to economists and experts on the strength of Social Security, and I'll add them to this document.