February 11, 2005

Social Security

I gave been reading the newspapers and Newsweek, listening to NPR and some talk radio. What I pick up is growing pressure on Washington Democrats to respond to President Bush’s Social Security proposals.
I predicted the other day that the Democratic Party, determined to move to the right, will sell out on Social Security. Adjustments to deal with the new demographic reality are required, no doubt. But any "privatization" of the federal insurance system would kill it.
So when Democrats respond to the pressure – as they will shortly - by offering their own proposals, look for the word "compromise" in proximity to the word "privatization."
That spells "sell out." Or, if you prefer, Bush wins again.

Posted by Arthur Alpert at February 11, 2005 09:07 AM