Time to privatize social security

The American Thinker ^ | Jan. 14, 2005 | Edward L. Daley

[Kitten Festival]

One of the most important political issues that will be debated this year is how to prevent the inevitable insolvency of our Social Security system. Although it is difficult to know which "experts" to believe when it comes to applying a date to the event, the majority of credible sources I've managed to find expect the system to begin paying out more money annually than it takes in within the next 20 years, if things continue unchanged.

Dorcas R. Hardy believes that Social Security will become insolvent by as early as 2018, and if this former S. S. Commissioner is even close to being accurate in his assessment, by the time I retire (I'm nearly 42) this country will be facing a fiscal crisis so profound that our current $7.6 trillion national debt will seem like a minor monetary nuisance by comparison.

President Bush understands this basic truth, and has, consequently, decided to tackle the problem head-on, instead of simply paying lip service to it and "kicking the can down the road" to the next administration, like his predecessor did.

[Kitten Festival]

A fine essay on the burning domestic issue of the day. Will we end up like the eurotrash? Or will we follow the wisdom of President Bush?

[Libloather]

Still, eventually even that scheme is bound to fail, simply because the number of younger people paying into the system will keep declining in proportion to the number of older people collecting benefits.

Does Unca Teddy care? No.

"Social Security is fundamental to the integrity of that safety net. Never before - until now - has any President, Republican or Democrat, attacked the basic guarantee of Social Security. Never before - until now - has any President, Republican or Democrat, proposed a cut in Social Security benefits. Yet President Bush is talking not just about a cut, but an incredible 33 percent cut. We must oppose it - and we will defeat it."

What the heck is the SAFETY NET? For that matter, what the heck is the basic guarantee? Great time to fix the broken stuff. Many folks, including Unca Teddy, will require rehab...