Sinking Feeling
Posted by Enlighten-NewJersey @ 11:01 AM
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"Knowledge will forever govern ignorance
and a people who mean to be their own governors
must arm themselves with the power which knowledge gives."
5 Comments:
Cute cartoon. But, of course, informed people know there is no crisis.
And the notion that private accounts will do anything to improve the solvency of Social Security is a complete canard, as even the Bush White House has admitted:
In a significant shift in his rationale for the accounts, Bush dropped his claim that they would help solve Social Security's fiscal problems — a link he sometimes made during last year's presidential campaign. Instead, he said the individual accounts were desirable because they would be "a better deal," providing workers what he said would be a higher rate of return and "greater security in retirement."
A Bush aide, briefing reporters on the condition of anonymity, was more explicit, saying that the individual accounts would do nothing to solve the system's long-term financial problems.
That candid analysis, although widely shared by economists, distressed some Republicans.
"Oh, my God," one GOP political strategist said when he learned of the shift in rhetoric. "The White House has made a lot of Republicans walk the plank on this. Now it sounds as if they are sawing off the board."
But Sen. Lindsey Graham (R-S.C.), a leading Senate proponent of restructuring Social Security, said the White House's candor was a good thing.
"As we debate the problem, we also need to be realistic about defining the solutions," he said. "The truth is, personal accounts will not even come close to making Social Security solvent."
Source: Los Angeles Times
Once again, to figure out what hidden agenda BushCo is actually working on, you have to do a little digging, since the Bushies sure as hell are not going to be up front about it. Read Josh Marshall on BushCo's push to change Social Security from a defined benefits program to a defined contribution program: Getting rid of Social Security.
Why would Bush and Co want to get rid of Social Security, as we know it, if the plan is sound and working well? Calling your political opponents mean, evil, uncaring doesn’t make it so.
Is there no possibility the Republians led by Bush wish to make the program better? Why do some on the left ascribe sinister motives behind Bush and/ or Republican ideas? Refute the ideas, provide better ideas and provide some evidence. We have never found name calling a persuasive argument, no matter how eloquently written or spoken.
If Social Security didn't exist today and we wanted to propose a plan from scratch, but yet knew what we know today, would we design the same unsustainable program? If all Social Security payroll taxes had been invested in individual private accounts from the start, everyone would have been the richer.
Those that were too old in the beginning years of Social Security to benefit from the investment program could have had their personal accounts supplemented from general funds. There aren’t too many people alive today that wouldn’t have had the benefits of personal Social Security accounts their entire life. Had we done that, we wouldn’t be facing the issues we are confronted with today. Hindsight is 20/20, so let’s move on from out mistakes and stop the blame game.
Just because we didn’t design the program well from the beginning, shouldn’t mean the American people have to be stuck with a crummy plan forever. We recently read a line that gave us a good laugh - call the current Social Security situation a crisis, a problem or a banana daiquiri, it is what it is.
We would rather debate ideas than unsubstantiated motives. We have no idea if those on the left are motivated by personal interest, a wish to harm specific groups of American people or an ignorance of economics. Unless people honestly declare their motives, assuming they are aware of them, they are unknowable. Debating unknowable motives is a distraction from the issues and an honest debate of possible solutions.
So we will continue to assume you have the American people’s best interest at heart, unless we learn or you tell us otherwise. Assume the best in us.
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Well, I do not actually believe it is likely to have success.
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