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December 21, 2004

The War on Social Security

The War against Social Security being waged by the Bush Administration won't be defeated by facts alone. Kevin Drum has some suggestions for the populist arguments that should be established:

1.Politicians lie all the time, and now they're lying about Social Security being in trouble. What is it they're really after?

2.Wall Street tycoons are being cagey about this, but the truth is that they can't wait to get their hands on your retirement money. Management fees is what this is really all about, isn't it?

3.Today your retirement benefits are guaranteed. With private accounts you're taking on a big risk. What happens if you turn 65 right after a stock market crash?

4.Take a look at Chile. Take a look at Argentina. They tried private accounts and look how their retirees are doing.

The election very clearly showed that those voting for Bush didn't vote based on issues but on perception, in general. They won't push back against Bush and the conservative attacks on social security insurance until the perception is planted that it's bad for Americans is firmly planted.

Sad but true.

Posted by Carla at December 21, 2004 09:06 AM