George W. Bush says that Social Security is in crisis, and if we don’t act fast and let people invest money privately, the fund will go bust. It’s the only way,
2005? Or 1978?
Hmm, I don’t myself remember the Social Security Crash of 1988, but maybe it just wasn’t reported by the liberal media. Or maybe it was that
Congress tackled the problem, approving a two-percentage point increase in Social Security taxes that guaranteed the program’s solvency for decades.
Decades? Best estimates say that this shored things up for nearly a century. But now that we’re apparently facing another “crisis”, do we hear Bush recommending a similar plan? Of course not. It isn’t even on the table. All that we’ve got is private accounts, private accounts, private accounts as the only way to set things right.