Socialism secured

Tuesday, March 15th, 2005 10:27 pm by Neal

A couple of good articles on the president’s fight to make Social Security meaningful to workers under 60 years of age. In A Requiem for Reform, David Brooks writes in today’s New York Times of the Republican blunders in convincing terrified old folks and naive younger workers to give up the tattered and rotting blanket of false security that the Democrats convince them to cling to.

Next up is Herman Cain, former Senatorial candidate in Georgia, who details the deceit inherent in the Democrats blocking strategy in Dirty little secrets. Cain sums up the hypocrisy of the Democrats by pointing out that the President’s plan just extends to the rest of us lowly workers the same benefits Congress enjoys:

Members of Congress have their own personal retirement accounts, called the federal Thrift Savings Plan. The TSP has low administrative fees and members can choose from five different plans that vary in risk and rate of return. Contributions to the TSP are matched by taxpayers up to five percent, and are invested in mutual funds, not one particular stock … Congressional Democrats’ opposition to allowing all U.S. workers access to economic freedom through the same investment options they currently enjoy is nothing short of immoral and dishonest.

The inability of the people to see through this sham is depressing.

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