Posted on 09/12/2011 3:39:11 PM PDT by justsaynomore
The Wall Street Journal editors took both Mitt Romney and Rick Perry to task for their stance on Social Security. They believe both GOP presidential contenders are wrong on the issue. Perry’s wrong for pointing out the obvious, but not taking it further, and Romney erred by repeating Democrat talking points – that the program can go on without significant reforms.
The key point is that, unlike a Ponzi scheme, Social Security can be reformed and it will have to be if current workers are to receive any return on their current taxes. Everyone serious knows what the reform options are—from changing the benefits schedule, to “progressive indexing,” to raising the retirement age. We’d prefer private accounts so that young people could build wealth as a property right and not depend on the promises of politicians, while the money would be put to productive economic use in the meantime. Herman Cain mentioned it in last week’s debate. But if that’s too politically adventurous for the two Governors, maybe they can meet somewhere in between their rhetorical positions.
You should read the whole thing. I noted that Herman Cain mentioned the Chilean model while tweeting during last week’s debate. And I touched on this issue in a reply to a comment on a different post the other day.
They were sold as insurance programs. But the “insurance company” isn’t exactly investing the premiums very well. They pay out far more than they take in, so I suppose you could call it a hybrid. And if they wipe out the payroll deductions then they will be pure welfare programs.
A few years ago I linked to a piece about the Chilean model Herman Cain referenced. It’s still relevant.
Thirty years ago, a young Jose Pinera, who had earned a Ph.D. at Harvard, was Chile’s labor minister. He saw the coming disaster in the government old-age pension system.
Inspired by an idea from the late Nobel Prize winning economist, Milton Friedman, he developed a solution that empowers workers and gives them real financial security. Pinera-type social security systems have now been adopted by more than 30 countries and cover several hundred million people — for a very simple reason — it works.
You should read the whole thing, so should the GOP front runners. Then again, maybe people could start paying more attention to Herman Cain, who does not resemble a career politician in the least.
Mr Cain doesn’t have a hope in hell of getting the nod, more’s the pity.
He oozes gravitas and personifies what a leader ought to act like.
C’mon Hermann that’s parsing to the point of goofdum.
WSJ despises Perry.
>> “Mr Cain doesn’t have a hope in hell of getting the nod, more’s the pity.” <<
.
I have stated in the past, and will repeat, that I believe that Cain will be Palin’s VP.
I believe that they are an unbeatable pair. Cain has no experience nor understanding ov government, but his business accumen will over-ride that concern.
PINGANATOR! Don’t forget the debates tonight on CNN! If you don’t have CNN (like me) I believe it will stream online here: http://www.cnn.com/ELECTION/2012/events.html
The Case For - Why Herman Cain Can Win
http://caiiniac2012.wall.fm/forum/topic/473
Great news - Herman Cain coming out in third place on average for Straw Polls done so far, and with having the lowest name recognition
http://en.wikipedia.org/wiki/Straw_polls_for_the_Republican_Party_presidential_primaries,_2012
Can Herman Cain’s 999 Plan Work? This author breaks it down and does the math
http://axdwhiteman.info/index.php?option=com_content&view=article&id=102%3Acan-herman-cains-999-plan-work
Herman’s Weekly Commentary: Obama: Those ideas failed already
http://www.wnd.com/?pageId=344249
America would be so much better with leaders like Cain, but they don't get the nod of the good old boys in the smokey back rooms whose “dues” have been paid by favors, underhanded schemes, and pocket lining. It is a crime what our country's professional politicians have done to build their egos, careers, and financial status...and how they have hurt our country in the process.
Right now, about half the people in the country don’t pay Federal Tax. What makes you think that voters will approve an idea that will change that with the Fair Tax? We have to have massive government reform, massive banking reform and a total turnaround of the economy before we even broach the subject of the Fair Tax.
I love Hermann but I look for him to be one of the next couple to bow out. I want him on the ticket, but if Perry is the nominee I can’t see that happening, Perry would pick a moderate northeasterner. I hope to hell he stays away from Rudy.
Herman Cain has been warning about the problems of social security for YEARS. For example, here is his commentary dating back to 2006 - http://economicfreedomcoalition.com/news/press-opinion-051706.asp
Herman Cain didn’t write this article
If this promised to bring about a reduction in the prices of consumer goods, which have unseen taxes rolled in to them, it might be acceptable.
Although the latest CNN/ORC poll has presidential hopeful and former Godfather’s Pizza CEO Herman Cain polling at just 6%, he has strong support in the Tea Party, the movement that was extremely influential in last year’s GOP primaries in the midterm elections that helped the Republicans win back control of the House of Representatives.
“My supporters are consistent, and they don’t defect,” Cain says on today’s American Morning. “So we are going to continue to move up.”
Cain is optimistic as he looks toward tonight’s CNN/Tea Party debate in Florida, where himself and seven other GOP contenders for the Republican nomination will square off about issues like the economy and Social Security.
Cain breaks down his 999 jobs plan and weighs in on racism in the Tea Party with Ali Velshi on today’s show.
I like Cain too, and would love to see him take on Obama one-on-one -
.... but is it possible that some of Obama’s negative numbers are rubbing off on Cain, just because he’s got the same skin color as Obama? That is, most people now see Obama as incompetent, and similarly assume most blacks are not good in management/leadership? (Obama will have ruined it for a generation of rising black leaders!)
And I agree, the GOP are fools for not promoting Cain more, he is really good. But he’s got an uphill battle, PR-wise.
I posted a while back that after Obama we may not see another black man elected to POTUS in the next 100 years.
I hope you are right. My fear (and only concern with Sarah) is that she will pick her friend perry for that spot. In my opinion that would be a big mistake.
“WSJ despises Perry.”
Yes, Perry would again make the NE country clubbers less relevant than they want to be. In a format in which you 60-90 seconds total on a subject, it is assinine to criticize anyone for not giving both the diagnosis and the treatment. Cain made a good point, but he didn’t have to state the problem because Perry already had. I thought they almost worked it like a tag-team.
>>He oozes gravitas and personifies what a leader ought to act like.
I saw him speak at the GA GOP convention, and again a couple weeks later when he formally announced for the Presidency.
You are absolutely correct.
>> “My fear (and only concern with Sarah) is that she will pick her friend perry for that spot.” <<
.
Perry is not her friend, and nobody knows that better than Palin.
Palin has made it known in interviews that she is aware that Perry is a flake opportunist.
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