Posted on 06/16/2005 3:44:02 PM PDT by CorbyCard
Free market defenders fight for ‘ownership,’ while reform opponents want to increase ‘biggest government program ever.’
by Dan Gainor June 16, 2005
NEW YORK – For an issue that many in the media are calling dead, the June 14, 2005, Social Security debate at City University of New York was quite lively. Supporters of reform warned of a situation ready to “implode” and called for ownership while opponents defended Social Security as the “most successful program in the nation’s history.”
The event brought together leading supporters and opponents of reform to discuss what Pat Toomey called “the biggest government program in the history of the world.” Toomey, president of the Club for Growth, led off the debate in front of an audience of more than 200 by posing the question, “What to do about it?” That set in motion a discussion that included most of the major talking points from both sides of the reform argument.
Toomey was joined by fellow reform advocate Herman Cain, national chairman for the Free Market Project and CEO of the New Voters Alliance, as well as two opponents – David Certner, Federal Affairs Director for the AARP, and Hilary Shelton, Washington Bureau Director of the NAACP. Herman Cain championed 'ownership' at the debate.
(Excerpt) Read more at freemarketproject.org ...
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If you are for socialism, or communism, then social security is your program. When it needs more money, take more from the people. (Take from the rich if you like playing Robin Hood) If you like capitalism, then end social security by moving to private accounts that the government cannot access. Force safe investments in the private accounts and it becomes a mandatory retirement investment program, which forces the average person into a savings program. Government should not need to do this, but if the socialists are correct about some people being too dumb to save for themselves then the government needs to do at least this. Of course people would do better saving for themselves if the program went away. And they are doing more saving for themselves with the threat of bankruptcy hanging over the program. But it basically comes down to socialism or capitalism.
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