Overhead
by ChrisDecember 17th, 2004 1:23 pm
So the Bush administration wants to scrap a retirement system that works, and can be made financially sound for generations to come with modest reforms. Instead, it wants to buy into failure, emulating systems that, when tried elsewhere, have neither saved money nor protected the elderly from poverty.
The failure he’s referring to was British and Chilean and may soon be our own if Mr. Bush has his way. In a progressive society one would imagine that the goal would be to increase benefits and stability over time as a means toward increasing the overall quality of life enjoyed by the citizens of that society. We can’t even have that conversation. Instead we’re hearing the cries of a false ‘crisis’ over and over again, to cynically sell decreased benefits, less security, and profligate long-term borrowing. Why? Does Mr. Bush believe that he really needs to fuck up every single thing before his term is up?
