Tuesday, January 11, 2005

God Save Social Security from Bush

I haven't posted on this topic before, but C+ Augustus is trying to destroy the greatest & most successful social program in the history of the world: Social Security. A faux crisis has been announced (see WMD, 2002), and Social Security is under siege.

It's a disaster waiting to happen. As a matter of fact, a similar privatization plan was enacted by Great Britain in 1984. Read all about it:

A Bloody Mess

if you're to busy to read the article, here's the money quote:

....the plan set in train during Thatcher’s first term in 1979 and [] has since led Britain to the brink of a crisis. Since then, the nation’s basic pension, which is paid for out of tax receipts, has shrunk dramatically. The United Kingdom has the stingiest state pension program of any G8 nation, and there is growing consensus -- even among British conservatives -- that reform is needed. And ironically enough, considering that America is on the verge of copying Britain’s mistake, most experts seek reform in the direction of a more generous, and simpler, basic state pension -- one similar in design, in other words, to America’s Social Security program.

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