Friday, June 24, 2005

Mr. President, the left can't fight Social Security 'choice'

Mr. President, the left can't fight Social Security 'choice': "Make clear that we cannot guarantee the current benefits to future retirees with the current tax revenues. So, offer three choices:

(A) Current benefits and higher taxes.

(B) Reduced benefits, deferred retirement and the same taxes.

(C) Private investment of a portion of current tax payments but with lower guaranteed benefits and no tax increase.

The more choices Bush offers, the less anyone can argue. As the program matures, the good track record of the �investors� will likely speak for itself and will channel large numbers of people into option C. Those who opt for B � lower benefits and no tax increase � are voluntarily cutting their retirement income to reduce the current tax bite. They�re adults, and they will understand that the choice is theirs and will accept it."

What a pile. He's too smart to dismiss totally, but in this case he's just enjoying the thrill of smoke up his ass.

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