I agree. The Dems demand that we give up the key part of SS reform, which will indeed reform it, BEFORE they even start to negotiate about the other parts, which mean nothing, after we gave up the one thing that can solve the problem.
I just can't believe the spinelessness of Republicans.
They should not be hiding in a corner, they should be out explaining to the people why Bush's plan is the right one.
Here is a great analysis by Investor's Business Daily.
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Preserve The Personal Accounts
http://www.investors.com/editorial/issues01.asp?v=4/9
Talk of a "deal" to solve this leaves us wondering if a big tax increase is in the works, coupled with major benefit cuts.
The real problem here is that GOP members of Congress especially in the Senate have kept Social Security reform at arm's length, treating it like a pet skunk yet to be de-scented.
They fear the political consequences of acting boldly to pass reform that is, actually showing some leadership when polls seem to show many Americans oppose it. And they've expended precious little political capital to sell the idea.
Bush's plan is doomed too but only if Republicans walk away from personal accounts. They're the key.
Personal accounts will deliver higher returns to young workers who, without reform, now face both higher taxes and negative returns. (The average 25-year-old today gets a pathetic -0.82% return on his Social Security taxes, a rotten investment if ever there was one.)
The idea that Social Security can be fixed without taking care of the next generation is a cruel fantasy. With no reform, we'll see ever-higher spending on retirement benefits, gobbling up an ever-greater share of both GDP and the federal budget.
All of you young people should invest as much as you can in private accounts NOW! Even if they privitize SS later, because if they don't privitize SS will fail and you will be left holding the bag.
Ever been snipe hunting? No? Well, here hold this bag for me while I go run the snipe to you. SS is the snipe and the workers of this country are the bag holders. PRIVITIZE NOW. Let the republican congress grow a set of Ba*** for a change. How hard can it be to do the right think?
Your dad was a smart man. Also a great source for a tag line. : )