Social Security Personal Accounts
After the president's news conference last night, Chris Matthews interviewed Democratic Senators Durbin of Illinois and Schumer of New York. Matthews asked each to explain the democrats alternative to president Bush's social security reform plan. Senator Durbin talked in circles and never answered the question. Not surprisingly, Matthews failed to follow-up and push for a direct answer. Senator Schumer however, gave a glimpse of what the democrats have in mind for the future of our social security. He said the president should appoint a commission (providing cover for all as in the BRAC "base realignment and closure:Commission) The last time this occurred, payroll taxes increased dramatically and the retirement age was raised. This is the democrat alternative as usual. Higher taxes and reduced benefits.
I cannot for the life of me see nor understand the opposition to personal accounts. Just the benefit of being able to pass benefits to a surviving spouse/children merits further consideration but democrats once again display their opposition to any new idea reaffirming my belief that the democratic party is stuck in the past, hyper-change resistant and doomed to go the way of the dinosaurs.
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