If it’s “dictatorial,” why haven’t the socialists who have ruled in Chile since 1990 repealed the privatization of the pension system?
What U.S. politician would want to talk seriously about pension reform if the first word to pop out of the media's mouth is "Pinochet"?
Hence the need for a spokesperson/candidate who not only does not give a thought to media canards, but actually seems to thrive on them.
I speak of none other than the Mama Grizz, the (not yet) candidate with more and bigger brass ones than are found in the belfry of St. Paul's.
I believe Bubba was the first to want to privatize SS.
It’s too late to fix SS by privatization. The idea behind privatization was that we had a SS “surplus.” The money coming into SS was greater than the amount being paid out in benefits. Take the “surplus” and tell young people that they could invest it privately, like a 401K. That way, the government could not use it and it would be there when those workers retired, even if the rest of the SS system imploded.
But SS is no longer running a surplus. It’s running a deficit. That means that if you want to take a dollar out of the trust fund and put it in private accounts, then you’re going to have to find another dollar someplace to pay current SS benefits.
It’s too late to fix SS, or as some would say, it’s all over except the shouting.
Cain raises a good point (that Bush tried to raise in 2000 and 2004) but, IMO, we need to pull the plug on SS and let it finally die an ugly death before considering a whole new beginning and caling it something else.
As long as someone keeps trying to breath new life into FDR’s Ponzi scheme, we will never be rid of it. LET IT DIE, for cryin’ out loud!!!