Thursday, January 20, 2005

Articles on Social Security

Big debate forming on Social Security. Lots of opinions on both sides.

Lots of idiocy too :-)

I am going to collect what I think are informative articles on the subject. I'll try to find them on both sides.

Let me start with what I think of the issue:
Bush's solution is empty -- anyone who wants to put $1000 aside is free to open an IRA. No change in law required; no need to borrow umpty trillion dollars to convert the system. So then, why the crisis? Simple -- Bush wants to undo the Great Society. He wants to create the Ownership Society. Well, there is a point there (and not on top of his head :-)) but why not be honest and campaign for that directly? I am not sure but I think it has much to do with Republicans thinking you lot are stupid.

16 Jan 2005: A Question of Numbers by Roger Lowenstein of the New York Times
(free subscription required) A long article. Good history of the act and the politics which gave birth to Social Security. Worth reading just for the background.
In summary: the numbers don't support any notion of crisis.

There is no crisis
an effort by various liberal bloggers to counter-act Bush's propoganda. For what its is worth. I think they take to literal a line. There is a problem but surely no crisis.

Scott Rosenberg's Blog at Salon: Antisocial Insecurity