The Babe Theory Of Political Movements.
Mar. 21, 2005 11:50 AM
Iran's Sham Election In Houston.
June 20, 2005 5:36 AM
Yes, Kanye, Bush Does Care.
Oct. 31, 2005 12:41 AM
Health Care vs. Wealth Care.
Nov. 23, 2005 3:28 PM
Americans Voting With Their Feet.
Nov. 30, 2005 1:33 PM
Idea Majorities Matter.
May 12, 2006 6:15 PM
Twilight Zone Economics.
Oct. 17, 2006 12:30 AM
The "Shrinking" Middle Class.
Dec. 13, 2006 1:01 PM
From Ashes, GOP Opportunities.
Dec. 18, 2006 6:37 PM
Battle Between Entitlements & Pork.
Dec. 21, 2006 12:31 PM
Let Economic Freedom Reign.
Dec. 22, 2006 10:22 PM
Biggest Health Care Moment In Decades.
July 25, 2007 4:32 PM
Unions Antithetical to Liberty.
May 28, 2008 11:12 PM
Right To Work States Rock.
June 9, 2008 12:25 PM
Social Security Reform Thursday.
March 13, 2008
Caption Contest: Enter Today!
Due: July 29, 2008
The Carnival Of Classiness.
Mar. 14, 2006
Quotational Therapy: Obama.
Apr. 4, 2008
Mainstream Melee: Wolfowitz.
May 19, 2007
Pundit Roundtable: Leaks.
July 9, 2006
A WILLisms.com(ic), by Ken McCracken
July 14, 2006
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Social Security Reform Thursday: Week Thirty -- Reform Is A Better Deal Than The Status Quo.
Thursdays are good days for reform, because they fall between Wednesdays and Fridays.
That's why WILLisms.com offers a chart or graph, every Thursday, pertinent to Social Security reform.
This week's topic:
Social Security Reform: A Better Deal Than The Broken Status Quo.
When Congress returns from recess in the coming weeks, they will take up the issue of Social Security reform. Right now, there is significant inertia behind GROW Accounts in the House of Representatives (.pdf).
GROW Accounts should not be the ultimate goal of Social Security reformers, but they are a great first step.
Take a look at the problems with Social Security:
For the next decade, there is a temporary surplus in the Social Security trust fund (which isn't really much of a trust fund). Suddently, after 2017, the surplus becomes a deficit. In the meantime, that surplus money is being raided by Congress to pay for highway pork-- and war-- and other projects Congress deems worthy at the moment.
So why not pass something to stop the raid on the temporary surplus, putting the funds into personal accounts, owned by individual Americans?
It is a no brainer. Stop the raid. It's also politically astute. It creates personal accounts, which will prove to the skeptics out there that "privatization" is far from a risky scheme. It will please elderly Americans who will not see a change in their benefits, paving the way for more significant reforms in the near future.
And personal accounts are just a better deal than the broken status quo.
Right down the road from me, in Galveston, Texas, the city took a "risky gamble" years ago, a gamble that paid dividends, literally.
Galveston was one of a few cities in the early 1980s that opted out of Social Security in favor of personal accounts in the market:
And it worked. Like clockwork.
And it will work for the United States.
Let's build some momentum behind more serious reform with GROW Accounts. And let's do it A.S.A.P.
The clock is ticking.
Previous Reform Thursday graphics can be seen here:
-Week One (Costs Exceed Revenues).
Tune into WILLisms.com each Thursday for more important graphical data supporting Social Security reform.
Posted by Will Franklin · 25 August 2005 09:42 PM
Today's politicians on both sides of the aisles are a bit too in love with sticking their hands in the cookie jar to be so far-sighted as to advocate private ss accounts as a hedge against their own spending habits, I am afraid.
Dammit, I wish someone in Congress was at least paying lip service to smaller government these days.
Posted by: Am I A Pundit Now? at August 25, 2005 09:58 PM
Term limits might cut that crap out, AIAPN. But job security is priority #1 for politicians.
Posted by: Hoodlumman at August 25, 2005 10:14 PM
Their job security? ...OR... ours?
Posted by: Zsa Zsa at August 26, 2005 05:22 AM