Fact Checking Social Security Abolition

Following up from eariler this week, Kevin Drum fact checks privatization abolition schemes other countries have tried with Social Security-like programs.

The results.... not so good.

[Update:  Josh Marshall is right.  We're not discussing "privatizing" anything, we're disussing scrapping Social Security and replacing it with a system of loosely-regulated 401(K) plans.  We should be careful to frame the debate in those terms.]