House of Paine

what sort of jack ass is this pozen?

last nite the prez -ly 

said

 ''One of the interesting ideas
       was by this fellow ....
                 a Democrat economist
                          named of Pozen"

 


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heres who 
this ass wipe iz 


"Robert Pozen  
former  top echelon
 of Fidelity Investments

 taught law at Harvard

" served in
 Governor Mitt Romney's
        cabinet

 and currently runs 
one of the nation's
 oldest mutual-fund companies"



"Pozen is actually a lawyer
 not an economist
 but he is a Democrat"


"Pozen, 58, 
is chairman of MFS Investment Management
 the Boston investment firm 
that claims to have invented 
the mutual fund"


"he  served on Bush's 2001 
 Commission to Strengthen 
           Social Security "


 " We have to stop talking
 about desserts 
and start talking about spinach,"
 Pozen  sez"



his e form of spinach :
end wage indexation

  
 price indexation 
 but price indexing
 with a twist 

he calls 
  "progressive indexation."

" He would allow low-wage workers 
 those with average career earnings
 of less than $25,000 
to stick with wage indexation"

 " Those with incomes above $113,000 
would be subjected
 to full price indexation"


" Everyone in the middle
 would experience 
a blend of the two"

---------------------------------------------------
"Pozen describes private accounts
 as a ''sweetener,"
 sugar to help the medicine
 go down more easily"

  

He would allow workers to put 2 percent
 of their pay into investment accounts
 rather than the 4 percent proposed by Bush

 
 Peter Diamond, an MIT economist
 fears that Pozen's plan 
could make Social Security
 too unattractive to the affluent
 ''I worry it would undo 
political support for the program,"