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Wednesday, April 13, 2005

Dynamic Equilibrium

Well, it looks like time for an update on the state of Social Security Reform, aka the stealth destruction plan.

Hard to do an update when absolutely nothing is happening, but my perceptions of this steady state of blahness have been refined over the past weeks.

Bush's plan is to have no plan, until at last the political will of his opponents is exhausted. Already, Leftblogs have moved on (pun unintentional) to attacking Delay futilely, harassing Gannon for being gay, and denouncing Republicans for harassing gays.

At some point after the SS Reform national tour, Bush will come up with a plan and try to get it through congress in 2 days. 3 if necessary, no more than a week. This plan will include some means of diverting existing SS income from the government to the market. Add-ons and benefit/tax adjustments are superfluous, because their only purpose is to make SS secure.

That's not the goal. That's a side effect which a lot of people are ambivalent about.

So, the American people aren't thrilled by the idea of controlling their own money. The group that is most actively opposed is the AARP and non-affiliated old people. Since any proposed plan would affect them in no way whatsoever, I think it's pretty sick that they would be so authoritarian as to oppose it and prevent the rest of us from having a better future. Boils my blood like a lass in a plaid skirt.

Anyway, the opposition to SS Phase-out I mean reform is hard to guage. For one thing, all the polls are biased. All the actors are biased. Even the bias seems biased.

I haven't been able to find many people who wholeheartedly endorse phase I mean reform, but most of the younger people- all of the younger people I 've spoken to, actually- agree there is a problem. They call it a pyramid scheme rather than a Ponzi scheme, but whatever.

The idea that reform is needed has taken hold more effectively that the personal accounts idea. I suppose reform would be nice. I guess.

The problem is not that SS will go bankrupt; the problem is that it is an unsustainable scheme that has gradually grown into a bloated entitlement regime that helps almost no one in a real sense.

It's morally bankrupt right now, so...

5 Comments:

Blogger Ryan Rahn said...

I don't think it matters what you call it, it's a scam. I, as a "young person", do embrace reform and privitization. However, I think it needs to be handled very carefully...who doesn't? Leave it up to our politicians to do that. *sigh*

I'm not totally familiar with all of the different proposed fixes, ie, privitization. Raising the retirment age or raising taxes is not a fix, it's a delay. A fix would be something like privitization, but you have to be critical of any plan that is proposed. Every plan will have it's costs and benifits, that, thanks to the politicians, are often times very well hidden.

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