Posted on 02/21/2005 11:37:10 AM PST by carolinacrazy
The privatization of Social Security is a hot topic, as well as a controversial one. Unfortunately, the controversy stems from a misrepresentation of the facts. Many opponents of the President’s yet to be released plan argue that our older population will lose current benefit levels, even though President Bush has said that our current Social Security recipients will not be affected. Some other opponents complain that privatization is a risky investment based on a volatile market. I guess the Dow Jones Industrials’ increase from just over 1,000 in 1985, to almost 11,000 today could be called risky. Only if you trusted jackass democrats and thus failed to invest.
Capitalism drives this country, not the federal government or it’s attempted redistribution of wealth. Compare our economy to any other socialist country, and you can easily see why we shy away from any new national plan funded entirely by tax dollars. Social Security can be privatized and reformed to better meet the current state of America, instead of staying a course that was defined almost a century ago. In fact, the privatization of most programs would create a thriving responsibility based society in which high taxes and free funding would become a thing of the past.
(Excerpt) Read more at jackassdemocrats.com ...
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