Personal Dispute

Mankiw, N. Gregory
March 2005
New Republic;3/21/2005, Vol. 232 Issue 10, p16
Offers a look at why Democrats oppose United States President George W. Bush. Opposition of liberals to Bush's proposal for Social Security reform; Comparison of Bush's Social Security privatization proposal to Harvard University's retirement plan for faculty members; Question of why liberals dislike Bush's personal retirement accounts; Claim that liberals fear that personal accounts will destroy the alleged conflict between capitalists and workers; Ways in which personal retirement accounts could change the way workers relate to the economy; Criticism of the idea that Bush's proposal will increase the budget deficit; Discussion of whether the Social Security proposal poses too much risk to retirees; Suggestions for risk management when investing retirement income.


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