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#TBT: When Carol Shrugged

Posted: October 1, 2015

Author: Jonathan Hoenig

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In 1997 I was invited to a television debate on Social Security, a topic featured on my college radio program, Capitalist Pig.

At 2:15 in the video, I’m seen seated next to then-Senator Carol Mosely Braun, who is challenged by Taxpayers United’s Jim Tobin on privatization.

The arguments haven’t changed in the ensuing 18 years, however a investment in a passive stock index fund has risen 265% with dividends reinvested, while the national debt has more than tripled.

Shortly put, privatization still is the wise and moral choice.

Social Security Debate, WTTW-TV Chicago (1997)

H/T: @NickyCheese

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