The Democrats finally are floating a
competing idea for the Social Security debate. Except it is not an idea. They don't want any Social Security money going to personal accounts. instead, (drumroll please), they would give Americans permission to save more of their own money. Well whoop-de-doo. Last I checked, we could save money if we wanted to. They want to make 401(k)s more popular, etc. Well these programs are wonderful, but it's the average Joe who relies on Social Security for his welfare upon retirement. When you live week-to-week, you really need those monies the government confiscated when retirement comes a-calling. If you live week-to-week now, you'll live week-to-week after you have an automatic savings account opened for you.
The brilliance of the Bush plan is that the government is forced to loosen its death-grip on the monies it confiscates during your lifetime. The Democrats, famously defending the government's right to every dollar of over-taxation in the Boom years. in fact, when reporters ask about returning the surplus taxes, President Clinton said, "It's not [the public's] money." Democrats hold the same creed today - they want to control every penny of money they hold, even that which is "in trust". Those words, "in trust" in DemocratSpeak means "that you trust us to spend for you in the least efficient way possible."
I've had enough of Social Security. I'll take that 15% plus my employer's 15% and spend it myself.