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July 17th, 2010 at 9:07 pm
Bush tried to reform SS. You mean Bush tried to turn SS over to his cronies on Wall Street. Good thing it didn’t go through, to my memory it was just a few years before the collapse. By the way, reform I can understand, i.e. change indexing to some extent, but turn SS into another 401k plan? That is idiotic because we have seen how that has worked out for society in general, with everyone’s 401k crashing into the ground. That would just be another plan to further enrich the rich on the backs of the little guy. How about this for SS reform: change the inflation index so that it slows the rate of growth, and actually put the payroll deductions into a lock box and use them to fund benefits. Don’t turn it into another 401k, unless you really do want to see people starving in the streets.
Bush tried to reform Social Security; and whether you agree or not with his specific proposals, one thing that is 100% clear is that the Democrats killed any reform effort. No discussion. No engagement. No ideas. No compromise. They could care less about Social Security reform; but they would be damned if they were going to let any Republican President, let alone the evil Hitler Bush,