The End of the Expert

Experts gave us the defined-benefit pension, now dying in the bankruptcies
of the steel companies and the airlines. Experts gave us Social Security
with its promise that is not a promise.
Michael Barone sees that we are moving away from all that
stuff.

But some people haven’t got the message. Democrats attacking the
president’s reform of Social Security fail to see that there is a risk
in Social Security just as there is a risk in personal retirement accounts.
But there is one difference. You can control the risk in your own
retirement account. But Social Security is different. With
Social Security you are dependent on the government. Who knows where that will end up.