Can Bush Reform Social Security?
To an extent, scholars at Emory and its Goizueta Business School carry on this proud tradition in their discussion of President George W. Bush’s plan to include private accounts within Social Security. On the one hand, they say, forcing Americans to save more would be a good thing. On the other hand, some see a variety of logistical and financial obstacles to the success of such a plan – and question whether the plan would actually do much to solve the pension system’s projected funding shortfalls. Jeff Busse, a finance professor at Goizueta, is positive about the idea of partial privatization, but has some questions about how it would work in practice. “I personally think it’s a good idea, but maybe not for everybody,” he says. “On average, the stock market does pretty well as a long-term investment. That’s a good thing…. The downside is that there’s always going to be some subset of people who…aren’t going to make good decisions.” But Jagdish Sheth, a professor of marketing and cor
To an extent, scholars at Emory and its Goizueta Business School carry on this proud tradition in their discussion of President George W. Bush’s plan to include private accounts within Social Security. On the one hand, they say, forcing Americans to save more would be a good thing. On the other hand, some see a variety of logistical and financial obstacles to the success of such a plan – and question whether the plan would actually do much to solve the pension system’s projected funding shortfalls. Jeff Busse, a finance professor at Goizueta, is positive about the idea of partial privatization, but has some questions about how it would work in practice. “I personally think it’s a good idea, but maybe not for everybody,” he says. “On average, the stock market does pretty well as a long-term investment. That’s a good thing…. The downside is that there’s always going to be some subset of people who…aren’t going to make good decisions.” But Jagdish Sheth, a professor of marketing and cor
