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Privatizing Social Security – Another Good Reason not to Vote Republican in 2012

17 Sep

According to the Associated Press (AP) most of the current crop of Republican Tea Party (GOTP) hopefuls running for president are embracing plans to partially privatize Social Security, reviving the very contentious issue that thankfully fizzled under former President George W. Bush. If there was no other reason to oppose the election of any of the crazy eights, this would be enough – however, there’s a lack of other reasons as well; but his will do for now.

President Obama’s would-be rivals are fanatical on letting younger workers divert part of their payroll taxes into some type of personal account to be invested separately from Social Security. Key phrase “being invested” which brings us the GOTP candidate’s true motivation; lining the pockets of Wall Street contributors – who always want more, and who are willing to pay for it.

Michele “Krazy” Bachmann and Ron Paul say younger workers should be allowed to invest in alternative plans, while the Reverend Ricky Perry says that whole groups, such as state and local government workers, should be allowed opt out of Social Security altogether.

The AP is reporting that Mittens Romney says the stock market collapse in 2008 shouldn’t scare workers away from investing in private accounts, but acknowledges it’s an issue.

“Given the volatility of investment values that we have just experienced, I would prefer that individual accounts were added to Social Security, not diverted from it, and that they were voluntary,” he wrote in his book, “No Apology.”

Thankfully Progressives and Moderates alike don’t share this “privatize everything” version of the Brave New World under GOTP leadership. They say it would drain resources from the more than 50 million people who now receive benefits, and of course raising the privatization issue could likely give Democrats a potent political weapon.

“We’ll fight that fight anytime,” said Congressman Sander Levin of Michigan, the top Democrat on the House Ways and Means Committee, which oversees Social Security. “Bad policy is usually terrible politics, and that’s terrible politics.”

Levin is more than likely right, there is a large voting block of seniors in this country and their rolls fill with more and more voters with every presidential election; the GOTP likes to reason that business can handle everything this country needs, from its prison system to its retirement payouts; how long before some would be GOTP candidate suggests police forces and the military should be privately run as well? Wouldn’t that be great, officers and soldiers swearing an oath to some investment house instead of the Constitution?

 
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Posted by on September 17, 2011 in 2012 Election

 

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