I am tempted to quote the entire thing since it is so right on. Michael Kinsley:
My contention: Social Security privatization is not just unlikely to succeed, for various reasons that are subject to discussion. It is mathematically certain to fail. Discussion is pointless. [read the rest on tpm]
Since you are interested, and I know you are. Paul Krugman took time out from his NYTimes sabbatical to write these two editorials on the subject. Very good intro to the subject.
12/6: Contrary to what the privatizers are saying, we don’t have to destroy Social Security in order to fix it.
12/9: The Bush administration’s Social Security proposal will rely on borrowing trillions, putting the money in the stock market and hoping.