An Addiction to Big Government
At the heart of the Democratic Party's reluctance to endorse President
George W. Bush's initiative to reform Social Security is their socialist
mentality, an addiction to big government. The leadership of the Party
would rather trust in government than in market forces. They believe more in
the state's taxing power than in ownership of stocks and bonds. The stock
market has returned consistently 8% to 10% annually over a 25-year period
but the Democrats have no faith in this statistic at all. They would
rather rely on accounting hocus-pocus to make it appear that social
security is in good shape. Also, the politicians do not want to loose that big
pool of money that they can dip into from time to time in order to fund big
socialistic programs. They forget that the government and the Social
Security system is subject to economic laws and forces, and there are
inevitable consequences if they are ignored. One of those laws is that
you cannot get more than what you put in. There are less and less workers
to fund a steady and increasing retirement population. It doesn't take an
expert to figure out that soon the funds will be exhausted. Perhaps the
Democrats are counting on future tax increases to bail out the Social Security
system.
George W. Bush's initiative to reform Social Security is their socialist
mentality, an addiction to big government. The leadership of the Party
would rather trust in government than in market forces. They believe more in
the state's taxing power than in ownership of stocks and bonds. The stock
market has returned consistently 8% to 10% annually over a 25-year period
but the Democrats have no faith in this statistic at all. They would
rather rely on accounting hocus-pocus to make it appear that social
security is in good shape. Also, the politicians do not want to loose that big
pool of money that they can dip into from time to time in order to fund big
socialistic programs. They forget that the government and the Social
Security system is subject to economic laws and forces, and there are
inevitable consequences if they are ignored. One of those laws is that
you cannot get more than what you put in. There are less and less workers
to fund a steady and increasing retirement population. It doesn't take an
expert to figure out that soon the funds will be exhausted. Perhaps the
Democrats are counting on future tax increases to bail out the Social Security
system.
posted at 8:07 AM PermaLink
2 Comments:
Actually the reason Democrats want to preserve Social Security is to protect senior citizens from dying in the streets after a lifetime of work whether or not they know how to play the stock market. But let me ask you a question, if the Bush administration actually wanted to give seniors the right to own stocks as part of the plan, why won't they let seniors vote the shares they will own in the companies. The plan is to allow seniors almost no choice in what stocks they own and no right to vote shares they own. So much for "ownership society, it really the now you own it, now you don't (cause it's in my pocket) plan.
Echoes of the "Republicans are starving the school children"
Who will starve the seniors in the street?
Spoken by a true demagogue.
From the horse's mouth we have seen it.
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