Tag: Dodd-Frank

A Few Thoughts on the Fox News South Carolina Republican Presidential Debate

Newt scored big points by referencing the Galveston, Texas and Chilean system. He really knew this subject well. His mention of the Principal Group in Des Moines helping administer the Chilean system was great. It is a good starting point on being able to get the facts on this system out to the public. Also, his comments about the estimates by the Social Security Actuary estimating 90-95% of younger people opting into the system, and the building up of an asset that they own where extremely good. He also referenced Martin Feldstein of Harvard for estimating that this system would reduce wealth inequality in America by over 50% over the next generation.