The title is from an article in the “Investors Business Daily.” In 1995 President Bill Clinton sent Mack McLarety, his former chief of staff, to Chile to learn how that country’s private personal accounts were working. He was so impressed that in 1999 he proposed, in his state of the union address, “USA Accounts.”
But, Monica happened.
President G.W. Bush proposed a similar idea and was trashed by the progressives who hated his actions in the middle east.
The data is clear, our Ponzi scheme is approaching Madoff time. We have to enact reform, all the politicians who tell you about a trust fund are lying. There is no such thing, look into it.