Outrageously Underfunded
Will Collier, over at VodkaPundit, is comparing pay-as-you-go Social Security to the problems with failing corporate pension funds. He says:
What is Social Security, if not a giant defined-benefit plan that’s outrageously underfunded going forward? And to the lefties who’ll yell, “Yeah, but United and Enron had greedy executives who took all the money,” my response is, “Sure did–and how is that any different from greedy politicians who spend all the tax money?”
Good question.
