2.6.05

BUNDLING. At Fly Bottle, a bull session on whether the argument that Social Security is really a form of insurance (regular readers will be familiar with the Superintendent's contention that bundling a bad insurance policy with a bad investment plan is not a virtue) that ought not to be treated as equivalent to an investment plan. In the Corner Solution, a request to stop quibbling over the definition of the program and get down to the specifics of fixing it in some way. Via Newmark's Door, some observations from Germany by Ralph Peters on what's in store if the fix (and also to Medicare and Medicaid) are deferred too long. Angry Europeans looking for somebody to blame ... haven't we heard that before?

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