(Not) Understanding Social Security
The Post has issued a rare and rather stunning mid-day write-thru of Jonathan Weisman’s A-13 article today explaining how the White House Social Security plan would work, basically rewriting the entire first four paragraphs of the article:
The mechanism initially detailed by the Washington Post in today’s editions and posted earlier on the Post’s Web site was incorrect.
The original story (available here) should have made clear that, under the proposal, workers who opt to invest in the new private accounts would lose a proportionate share of their guaranteed payment from Social Security plus interest.
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