Radical Centrist

Social Security needs reform

posted 17 December 2004 07:11 AM on the True Majority Board (alias JT)
To say that there is no problem with SS the way it currently is structured is to put your head in the sand. There is a problem but not one that most people on SS today have to worry about. Indeed, Bush's proposal won't affect this population, so let's not resort to mis-information about harming today's old people (I'm one of them). Whether you agree with him or not (and I suspect that most who participate on this board do not) Bush has done a service by bringing the SS problem into the light of public debate. In one sense, privatization of SS (and even Bush isn't talking about complete privatization) is just another tax cut (this time it would go primarily to the "middle class") with the proceeds going into an investment account. The real problem is the multi-trillion in additional debt that our children and grand children will have to repay, in addition to the multi-trillion of additional debt already planned. SS reform which will result in indefinite viability (40 years isn't enough for those just leaving school) can be done but the longer we delay, the greater the sacrifice the younger generations will have to make.

posted by Campfire Talk @ 7:21 AM