We get lots of press calls these days about what the Dems will do if they gain control of one or both houses of Congress. We’ve got all sorts of opinions on the topic but the one thing we can tell you they won’t do is work on Social Security reform.
Here’s a press release from the esteemed Senate Minority Leader Harry Reid (D-NV) — with whom many Dems are disappointed and might well be replaced — and Finance Committee Chair-in waiting Sen. Max Baucus (D-MT). It calls on the President to not raise the issue of personal accounts after the election. They use the derisive (and poll-tested) term, “privatization,” but heck, even the WaPo said that personal accounts don’t equal privatization. (Click here for some good info on the issue.)
This is an issue that has been demagogued for years. AARP and the left have scared old people to death over this issue. The irony is that AARP opposed the President’s plan for personal accounts when all of their current members would be held harmless. And, how could groups like the AFL-CIO oppose the plan, when it’s one way to help people out of poverty? Poor people would (for the first time) have an account they can pass on to heirs. Some folks just love to perpetuate dependence, helps on election day. We find it cynical and, well, disgusting.
So let Harry Reid lay down the marker on personal accounts. In taking this position, he shows that he has little faith in the individual. In government he trusts. We’d just ask him (or a representative) to click on the “Comment” tag below and let us know what his plan is to ensure the long-term solvency of Social Security. The longer we wait, the worse it’s gonna be.
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