Chile Social Security Reform A Hot Topic In 2012 Campaign
Entitlements: What does it say about voters when the last two front-runners for the GOP nomination have both called for Chile-style Social Security privatization?
GOP front-runner Newt Gingrich made a strong case at last week’s GOP debate for Chilean-style personal retirement accounts and listed the details in his 21st Century Contract With America.
His precise reading of how it works effectively picked the torch from Herman Cain’s gutsy first call for a “Chilean model” while he held the front-runner position.
Connection? Seems like it. Voters are intensely aware that Social Security is a time bomb that will hit them personally if President Obama, his congressional allies and the mainstream media continue to deny that the system is bankrupt and then do nothing. And candidates know it.