Krugman: We Should Expand Social Security Because It's "Simple, Clean And Works Well"

KRUGMAN: Expand Social Security. "There are some things the government does better than the private sector. ... One classic example of government doing it better is health insurance. Yes, conservatives constantly agitate for more privatization — in particular, they want to convert Medicare into nothing more than vouchers for the purchase of private insurance — but all the evidence says this would move us in precisely the wrong direction. ... Social Security is a shining example of a system that works. It's simple and clean, with low operating costs and minimal bureaucracy. ... True seriousness means looking at what works and what doesn't. Privatized retirement schemes work very badly; Social Security works very well." The New York Times