Sunday, January 16, 2005

The Bush administration is expert at fear mongering. Their latest such campaign is characterizing our basically sound Social Security system with such metaphors as "train wreck," "cancer," and "bankrupt." Their campaign has succeeded at frightening me, but what I fear is that their "sky is falling" mantra will stampede people into a costly mistake. Social Security is basically sound, so urging participants to invest privately is like luring them to take money out of their pensions to buy lots of lottery tickets. Social Security means grocery money for their retirement. How many of you think buying lottery tickets with the grocery money is a smart move?
For seven decades now, conservatives have wanted to destroy Social Security, and this administration, unfortunately, has a chance to succeed. In the process, Bush's friends on Wall Street stand to make a killing, and what's to worry, say they all. He'll be long gone from office and they'll be retired in their mansions when masses of older Americans are eating Alpo because they got shilled out of their old age insurance.

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