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...Phony Crisis ~ Interview with economist John Miller, conducted by Between the Lines' Scott Harris <!--break--> <p>White House Campaign to Privatize Social Security Based on Phony Crisis</p><p>Interview with economist John Miller, conducted by Scott Harris</p><p>As President Bush began his second term in office, he made clear that among his top priorities will be the overhaul of the nation's Social Security retirement system. The Bush administration maintains that Social Security is headed for financial disaster unless Congress adopts a scheme that would partially privatize the popular program launched by Franklin Roosevelt during the Great Depression.</p><p>But most economists agree that the administration's forecast of catastrophic failure for Social Security are deliberately misleading. If nothing is done to change the current system, Social Security, by varying estimates, will be solvent until 2042 or 2052. Even if nothing else was done to shore up the system and the surplus were to be exhausted, Social Security would still be able to pay retirees 70% of promised benefits. Critics of the Bush plan point out that privatizing the current system will force the government to borrow at least $2 trillion and place retirees benefits into an uncertain stock market where brokerage fees will eat into any gains made from investments.</p><p>Between The Lines' Scott Harris spoke with John Miller professor of economics at Wheaton College and a member of the Dollars and Sense collective. Professor Miller takes a critical look at the Bush administration campaign to privatize Social Security and the experience of other nations that have undertaken similar conversions.</p><p>Read more about Social Security in the pages of Dollars and Sense magazine or online at <a href="http://www.dollarsandsense.org">www.dollarsandsense.org</a></p><p>Related links:</p><p>Contact United for A Fair Economy at (617) 423-2148 or <a href="http://www.faireconomy.org">www.faireconomy.org</a></p><p>Contact the Economic Policy Institute at (202) 775-8810 or <a href="http://www.epinet.org">www.epinet.org</a></p><p>LISTEN to this week's half-hour program of Between The Lines by clicking on one of the links below:</p><p><a href="http://www.btlonline.org">http://www.btlonline.org</a><br />*<br />"Between The Lines" is a half-hour syndicated radio news magazine that each week features a summary of under-reported news stories and interviews with activists and journalists who offer progressive perspectives on international, national and regional political, economic and social issues. Because "Between The Lines" is independent of all publications, media networks or political parties, we are able to bring a diversity of voices to the airwaves generally ignored or marginalized by the major media. For more information on this week's topics and to check out our text archive listing topics and guests presented in previous programs visit: <a href="http://www.btlonline.org">http://www.btlonline.org</a><br />*<br />"Between the Lines," WPKN 89.5 FM's weekly radio news magazine can be heard Tuesdays at 5:30 p.m. ET; Wednesdays at 8 a.m. ET and Saturdays at 2 p.m. ET (Wednesday's show airs at 7:30 a.m. ET during fundraising months of April and October).<br />*<br />For an email subscription of "Between The Lines Weekly Summary" which features a RealAudio link to the week's program for Between The Lines, send an email to <a href="mailto:btlsummary-subscribe@lists.riseup.net">btlsummary-subscribe@lists.riseup.net</a><br />*<br />For an email subscription of "Between The Lines Q&A" which features a RealAudio link and weekly transcript to one of the interviews featured on Between The Lines, send an email to <a href="mailto:btlqa-subscribe@lists.riseup.net">btlqa-subscribe@lists.riseup.net</a><br />*<br /><a href="mailto:betweenthelines@snet.net">betweenthelines@snet.net</a><br />*<br /><a href="http://www.squeakywheel.net/">http://www.squeakywheel.net/</a><br />*<br />Distributed by Squeaky Wheel Productions<br />©2005 Between The Lines. All Rights Reserved.</p>
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safe_value (String, 4107 characters ) <p>...Phony Crisis ~ Interview with economist J...
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<p>...Phony Crisis ~ Interview with economist John Miller, conducted by Between the Lines' Scott Harris</p> <!--break--><p>White House Campaign to Privatize Social Security Based on Phony Crisis</p> <p>Interview with economist John Miller, conducted by Scott Harris</p> <p>As President Bush began his second term in office, he made clear that among his top priorities will be the overhaul of the nation's Social Security retirement system. The Bush administration maintains that Social Security is headed for financial disaster unless Congress adopts a scheme that would partially privatize the popular program launched by Franklin Roosevelt during the Great Depression.</p> <p>But most economists agree that the administration's forecast of catastrophic failure for Social Security are deliberately misleading. If nothing is done to change the current system, Social Security, by varying estimates, will be solvent until 2042 or 2052. Even if nothing else was done to shore up the system and the surplus were to be exhausted, Social Security would still be able to pay retirees 70% of promised benefits. Critics of the Bush plan point out that privatizing the current system will force the government to borrow at least $2 trillion and place retirees benefits into an uncertain stock market where brokerage fees will eat into any gains made from investments.</p> <p>Between The Lines' Scott Harris spoke with John Miller professor of economics at Wheaton College and a member of the Dollars and Sense collective. Professor Miller takes a critical look at the Bush administration campaign to privatize Social Security and the experience of other nations that have undertaken similar conversions.</p> <p>Read more about Social Security in the pages of Dollars and Sense magazine or online at <a href="http://www.dollarsandsense.org">www.dollarsandsense.org</a></p> <p>Related links:</p> <p>Contact United for A Fair Economy at (617) 423-2148 or <a href="http://www.faireconomy.org">www.faireconomy.org</a></p> <p>Contact the Economic Policy Institute at (202) 775-8810 or <a href="http://www.epinet.org">www.epinet.org</a></p> <p>LISTEN to this week's half-hour program of Between The Lines by clicking on one of the links below:</p> <p><a href="http://www.btlonline.org">http://www.btlonline.org</a><br />*<br />"Between The Lines" is a half-hour syndicated radio news magazine that each week features a summary of under-reported news stories and interviews with activists and journalists who offer progressive perspectives on international, national and regional political, economic and social issues. Because "Between The Lines" is independent of all publications, media networks or political parties, we are able to bring a diversity of voices to the airwaves generally ignored or marginalized by the major media. For more information on this week's topics and to check out our text archive listing topics and guests presented in previous programs visit: <a href="http://www.btlonline.org">http://www.btlonline.org</a><br />*<br />"Between the Lines," WPKN 89.5 FM's weekly radio news magazine can be heard Tuesdays at 5:30 p.m. ET; Wednesdays at 8 a.m. ET and Saturdays at 2 p.m. ET (Wednesday's show airs at 7:30 a.m. ET during fundraising months of April and October).<br />*<br />For an email subscription of "Between The Lines Weekly Summary" which features a RealAudio link to the week's program for Between The Lines, send an email to <a href="mailto:btlsummary-subscribe@lists.riseup.net">btlsummary-subscribe@lists.riseup.net</a><br />*<br />For an email subscription of "Between The Lines Q&A" which features a RealAudio link and weekly transcript to one of the interviews featured on Between The Lines, send an email to <a href="mailto:btlqa-subscribe@lists.riseup.net">btlqa-subscribe@lists.riseup.net</a><br />*<br /><a href="mailto:betweenthelines@snet.net">betweenthelines@snet.net</a><br />*<br /><a href="http://www.squeakywheel.net/">http://www.squeakywheel.net/</a><br />*<br />Distributed by Squeaky Wheel Productions<br />©2005 Between The Lines. All Rights Reserved.</p>
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