Saturday, February 05, 2005
Is Social Security Going Broke?
Steven Thomma of Knight Ridder's Washington Bureau reveals shocking news about Social Security:
WASHINGTON - The argument for dramatic change in Social Security is clear:
The promise of secure retirements is a "hoax." Taxes paid by workers are "wasted" by the government rather than prudently invested. And "the so-called reserve fund ... is no reserve at all" because it contains nothing but government IOUs.
President Bush? No, Republican presidential candidate Alf Landon and his party's platform in 1936.
(Source: Knight-Ridder News Article Social Security overhaul is long-standing conservative dream dated Feb 4, 2004.)
Yes, the Republicans have been predicting disaster for the Social Security program since before World War II. They were wrong then, they're wrong now.