Saturday, January 15, 2005

Social Security - Not In Crisis

Finally, a journalist covers the real story.

By exaggerating the severity of Social Security's problems, Bush risks alienating even many of those who might be inclined to support some version of the voluntary personal accounts he is so determined to push through as a central plank in his new "ownership society."

He might do well to heed the advice of President Reagan, who chose to leave the future of Social Security largely in the hands of a commission that included representatives of both parties and appointees from both houses of Congress.

"For too long, too many people dependent on Social Security have been cruelly frightened by individuals seeking political gain through demagoguery and outright falsehood, and this must stop," Reagan said. "The future of Social Security is much too important to be used as a political football."