President Bush’s solution is taking tax money funding SS and putting that into private accounts. Just think about it. How is partially cutting the flow of money going into SS a solution to the problem?
The problem and the solution don’t match. The reason for this is simple. President Bush isn’t really trying to save SS as his prime objective. What he wants to do is take money going to the government to fund SS and put it in people’s pockets in the form of private retirement funds. In other words, the president is actively pursuing his vision of an ownership society.
more from Clinton's diary entry today:
President Bush knows one thing. Americans, at least the baby boom generation and generation X don’t save money out of their own free will. That’s why he wants to force them to save and invest by making it a legal requirement.
Using the solvency or insolvency of SS is just a tool to force-create his ownership society. Not just that, it’s also the only large scale government program he could use to divert money from.
"How is partially cutting the flow of money going into SS a solution to the problem?"
Well, it would hurt the situation in the short term, but force less dependence upon SS in the future in the long-term, a good thing.