George W. Bush Social Security

Dismantling Social Security

Finally the mainstream press is catching on that Bush and his cronies are not trying to "reform" Social Security, but simply "remove" it. In an editorial in today's NY Times,

In effect, the administration's plan would get rid of the financial burden of Social Security by getting rid of Social Security. The plan shifts the financial risk of growing old onto each individual and off of the government - where it is dispersed among a very large population, as with any sensible insurance policy. In a privatized system, you may do fine, but your fellow retirees may not, or vice versa.

Read it here.