Dave Hall wrote:
You know that, I know that, and most politically savvy people know
that. But before we can enlighten the hopelessly indoctrinated
liberals (and those who claim to be conservatives), to see this, we
have to first defuse the idea that Bush's private account proposal is
not much different than the current 401K plan that most people already
have.

Bush's private account proposal is nothing less than a very cynical
attempt to manipulate the system and steer large amounts of wealth into
the pockets of his supporters. Whether or not it benefits anybody else
is immaterial as far as they're concerned.

Regarding the comparison of Bush's SS proposal to the 401K plans.... if
the goal was to increase people's ownership of their retirement (as is
claimed) then the same thing could be accomplished by increasing the
allowed 401K deduction and lowering SS taxes. Very simple, but it
doesn't steer that money into the "right" pockets.


Dave Hall wrote:
Liberals have to demonize this plan to put people in charge of their
own retirement planning by spinning it as a windfall for
wall-streeters, simply because investment firms usually manage such
plans. The fee for managing a 401K is usually much less than interest
earned, so you're still ahead of the game.


Does that change the *fact* that the Wall St'rs involved are now getting
a gov't mandated profit from Social Security dollars, which will have to
be replaced by further gov't spending?

Does "liberal demonization" of Bush's SS proposal change the *fact* that
the Bush-Cheney team have lied about his plan and it's impact?

If it's so great, why can't they tell the truth?

DSK