Dem dishonesty on Social Security

Washington Post Editorial:

ONE CAN DEBATE the merits of creating personal accounts in Social Security but not the case for fixing the program's solvency problems. Over the next 75 years, as the Social Security trustees reported on Wednesday, the program has a projected deficit of $4 trillion; the longer the nation waits to address this problem, the nastier the tax hikes or benefit reductions that will result. But that's not the impression conveyed by some Democratic leaders. The trustees' report, according to Senate Minority Leader Harry M. Reid (D-Nev.), "confirms that the so-called Social Security crisis exists in only one place: the minds of Republicans." The senator's desire to score political points is understandable. His willingness to do so by implying that Social Security is healthy is not.

Democrats defend this opportunism by saying the president is worse. President Bush, they complain, is talking up an alleged Social Security "crisis" in order to ram through an unrelated proposal to create personal accounts. But, in addressing Social Security, Mr. Bush is taking on an issue that the Clinton administration also regarded as important; he is not inventing a problem. He can be faulted for not specifying the benefit cuts or tax hikes he favors to restore solvency, but at least he acknowledges some will be needed. In that context, personal accounts are not irrelevant; they involve risks, but they are potentially a way of cushioning the necessary benefit cuts in the traditional Social Security system.

...

The nation faces a severe economic threat from the aging of its population combined with escalating health costs. The sooner it begins to grapple with this problem, the less painful the solution will be. For Mr. Bush, that would mean acknowledging the need for more revenue. For the Democrats, it would require for a smidgeon of honesty about Social Security's state.

Actually the Democrats do have a plan for fixing the problem with Social Security. They just figure it will be easier to sell it later than now. There plan is to increase taxes. There goal is to reverse teh Bush tax cuts and dedicate the revenue to Socail Security. The reason they do not openly state this goal, is that politically it is a loser, but it is a plan. The main reason they are so opposed to personal accounts is that they lose the dependency of the current system. For Democrats dependency is more important than a reform that could benefit retirees.

Comments

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

29 % of companies say they are unlikely to keep insurance after Obamacare

Is the F-35 obsolete?