Sharron Angle is further clarifying her calls for the privatization of Social Security, saying that Chile has done it successfully. That is, Angle is now speaking favorably of a system that was enacted by a military dictator.
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"So when I said private, that's what I meant -- that I thought we would have to go just to the private sector just for a template on how this is supposed to be done," Angle told the CBS affiliate in Las Vegas. "However, I've seen been studying, and Chile has done this."
The station noted that Chile's private pensions system, which was originally enacted by the military dictator Augusto Pinochet, has been criticized for being subject to market volatility, though its proponents argue that it gives all citizens a stake in the market.