Posted on 02/03/2005 3:59:04 PM PST by Nascardude
February 3, 2005 -- TREAD SOFTLY. Step lightly. Glance over options. Don't get stuck. That's how President Bush needs to handle Social Security reform, and it is exactly how he managed it in his State of the Union speech last night. The key to reforming Social Security — and politically living to tell about it — is to offer choices to Congress and to the American people, without getting locked in or trapped on particular point. By posing options — cuts in the cost-of-living increases (COLAs), a higher retirement age, private investment — and by ruling out any change in the benefits or status of those over 55 years of age (full disclosure: I'm 57), Bush succeeded in skating over the difficult decisions. Hopefully, he'll never have to make them. The fact is that private investment of Social Security funds by individuals will solve the system's long-term problems. Over the long run, the American economy — and the stock market in particular — grows at a rapid enough rate to solve any shortfall that the Baby Boomer retirement will cause in the Social Security system. Anything that investment doesn't solve, the influx of younger immigrant workers — legal and illegal — will take care of.
(Excerpt) Read more at nypost.com ...
Anybody who didn't see it tonight, don't miss the rerun of Brit Hume's show.
They have TAPE of FDR advocating private accounts in 1935.
And, as a bonus, Harry Reid in 1999 advocating them, too!
Though he lost his bet to O'Reilly on the California recall primary when he predicted that the recall would fail.
Morris is right about raising the retirement age which I guess would help.
Dick is not a good buddy of Republicans or conservatives. Dick is a 9/11 Bush supporter. He was appalled at the Dem's lack of understanding to 9/11. He also hates (actually that is a little mild) Hillary Clinton. Dick believes in the old adage that "the enemy of my enemy is my Allie."
Actually, I think he is giving pretty good advice in this case.
Actually, I think he is giving pretty good advice in this case.
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Yes he is. The ability to select, at the individual level, is key. One program scenario does not fit all. And make the whole thing OPTIONAL (key strategy word) to all participants. If they want to keep giving their money to the US Government's big PONZI game, which SS really is, then let them do it. Personally, I want to protect as much of my money as possible. The less the government has, the better I sleep, especially when I review real history as to how the Congress has handled the SS bucks...yuk!!!
What is wrong with that?? That is just a start!!! LOL
What? Again? Me and my birth year compatriots are already pushed back to age 66.
That was great wasn't it
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