The Mudcat Café TM
Thread #62901 Message #1372791
Posted By: Amos
06-Jan-05 - 01:14 AM
Thread Name: BS: Popular Views of the Bush Administration
Subject: RE: BS: Popular Views of the Bush Administration
Lynching Social Security
To eliminate nation's safety net, Bush first has to convince us it's bad
Molly Ivins, Syndicated Columnist
AUSTIN, Texas -- In the Texas legislature, they are called "prior-roarities," such a happy coinage. What should come prior?
When the pitter-patter of falling year-end columns comes again, not necessarily next year, but certainly four years from now, I fearlessly forecast a dismal unanimity: that the Bush Administration II suffers from bad and dumb prior-roarities.
Actually, the passage of time is not required for proof -- look around. The Bushies are about to launch a $50 million to $100 million dollar propaganda campaign to convince us the Social Security system is in crisis. Actually, it's not. It's quite robust and has astonishingly low administrative costs, less than 1 percent.
According to President Bush's own Commission to "Strengthen Social Security," the administrative costs of keeping track of private accounts will be 10 to 30 times the cost of administering the current system.
The Social Security System is in no danger whatsoever of going broke, or even of having to pay out less than full compensation for at least 50 years. There are any number of statistical models and premises one can argue about here, but when the administration begins with a premise that requires fixing Social Security based on an extrapolation to infinity, you know you are not dealing with people who argue in good faith. (See link above for rest of article).