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Subject:
Milking the Scared Cow
wjhii
5/11/2005 7:17:20 PM
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Milking the Scared Cow
By William John Hagan
May 11, 2005
What is the one thing that the Democratic Party, the AARP, and the AFL-CIO all have in common? They all delight in scaring the hell out of old people. Al Gore may not have created the Internet but he certainly created the left-wing?s strategy opposing Social Security reform. Al?s idea was to create an imaginary ?lock box? for the money withheld for Social Security; our government would neither invest this money nor lend it out. What went into Social Security would stay in Social Security. The only small problem with the plan is basic accounting; by 2018 Social Security will pay out more money than it takes in and will therefore bankrupt itself by 2042.
If we continue to follow the Clinton-Gore legacy of inertia the system will be bankrupt by 2042. Neither Al Gore, as a member of Congress, Senator Hilary Clinton or any other current Democratic member of Congress has ever purposed a single piece of legislation to protect the future of Social Security. The system was created by an act of Congress and can only be reformed through congressional legislation. President Bush is constitutionally powerless to change Social Security. The needed reforms he is currently proposing are recommendations to Congress. The President?s powers derive from the Constitution. He is a part of the executive branch: the President proposes, Congress disposes. Only Congress can reform Social Security through legislation which Republicans seem willing to do. Except Democrats have not only stone-walled all attempts at ?self-help?, they have failed to produce one piece of legislation to reform a system that they know will be bankrupt in most of our lifetimes. They have simply been scaring the elderly and milking this scared cow for votes while President Bush has been working on a plan to secure Social Security for future generations. (The remainder of this article can be read at link )
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