Skip to comments.Bush Will Reform Social Security in 2nd Term (warnings require connecting the dots)
Posted on 04/17/2004 7:57:42 AM PDT by Libloather
Bush Will Reform Social Security in 2nd Term
April 16, 2004
RUSH: Rhett in Jacksonville, Florida. I'm glad you called. It's Open Line Friday. Hello.
CALLER: Hey, Rush, actually I had a question: When looking at -- you know, I know Bush has been very busy with the war and everything, but when it comes to if he gets reelected, my question is, "Is he going to have more of a priority on Social Security reform?" Because, I mean, I'm 21-years-old working my way through college and I'm trying to invest, and I see my Social Security dollars going to something I'm probably never going to see again in my life. You know, that's my hard-earned money.
RUSH: Let me just tell you something, Rhett, because you do not know how insightful and timely a question you have asked. Let me answer the question this way. Just ask yourselves, folks: For how many years have we all been hearing of the impending bankruptcy or serious breakage of Social Security? You've been hearing this at least for 15 years, and in an intense fashion at least the last five. There are warnings out there; people don't want to hear them. There are warnings -- and we can "connect the dots" on this. We know. We can run the numbers. We know how many retirees there are and how many there will be. We know that they're living longer, needing benefits longer, retiring earlier. We know that more and more workers are going to be paying more and more dollars to provide Social Security for those retirees.
The burden is going to increase, and the latest number is now that by 2030, Social Security will not be feasible as it is. Now, can I draw you an analogy? Let's say that we knew ten-years out that Osama bin Laden was going to fly planes into the World Trade Center on September 11th. Unlike that, we know. We could run the numbers; we have the actuarials. We know when Social Security is going to get to the point that it's untenable and has to be changed. Same thing with Medicare. We know. It's not some date uncertain. It's not something that "might happen." It's not something that we can plan for or ward off just continuing the way we are. We can't just hope it won't happen. We know it's going to happen. There is no excuse, because if 20-or-30 years from now nothing is done, it's going to fall apart, the current system of Social Security and there are going to be people 20-or-30 years from now just like there are today angry as hell.
"Why didn't you stop the World Trade Center attacks? Why didn't you stop it? Why didn't we do it? How did we remain incapable of doing this? That excuse will not exist with Social Security. It's a disaster waiting to happen. This is why I think that Bush is gonna to tackle in his second term. I think he's already tackled it. He's already set the table with it. He's already got it on the table, people discussing it, and I think the same thing is going to have to be done with Medicare. The welfare state just doesn't work. It hasn't worked anywhere in the world, and it will not work here. It will kill prosperity, because it pays people who aren't doing anything and it taxes those who are, and the taxes have to keep increasing to the point that there's no point in working.
That's where we're headed with this. There's no If, Ands or Buts about it, unless there are changes made. The changes that have been proposed in terms of privatizing are wonderful. They're beneficial to everybody. No current retiree beneficiary is affected, but those who are paying the bills are going to end up supplanting and increasing their nest egg on their own as they grow older. But the Democrats oppose it; the liberals oppose it, because it does reduce everybody's dependence on government. Without that, liberal Democrats lose power -- and that's really what this is all about. That's what all this 9/11 Commission is all about: Democrats trying to reacquire power. Any time the Democrats or liberals in this country are holding onto power or try to reacquire it, we're all threatened. Best way to understand this.
The history of Sosha Security -> http://www.ssa.gov/history/early.html
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