Sunday, March 06, 2005

Bush's misguided privatization crusade

The most fucked up discussion about privatization I've heard went something like this: Some Senator, can't remember which one, lamented the privatization dilemma by saying, "It's hard to reconcile what the president wants and what the people want."

Huh?

To me, there's no contest. The voters elected you to represent THEM, NOT Bush. It's time for these jerks to get their heads screwed on right. No one is saying SS is fine; they're saying it needs reform... not dismantling.

The right's entire argument for the last 30 years is that SS has done it's job and it needs to be done away with. That's a load of crap. It's one of the best programs to ever come out of the government and a great way to ensure that American citizens have a safety net when they retire.

Notice I called it a safety net and not a retirement fund. That is a misconception. In theory SS is supplemental income to the savings you've socked away throughout your life. It's the safety net you can rely on, say if you presonal investments don't work out. That way, you can still get by.

How ironic then that Bush wants to put everyone's retirement fallback into a highly risky private investment account.

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