There is No Crisis

Even the head of the GAO, the nonpartisan watchdog agency, said so:

Social Security "does not face an immediate crisis,'' the head of the Government Accountability Office said Wednesday, but it does face a long-term financing problem "and it would be prudent to address it sooner rather than later."

David M. Walker, who heads the nonpartisan Office of Comptroller General, also criticized President Bush for undertaking an aggressive two-month tour to try to sell his plan for allowing younger workers to divert a portion of their Social Security payroll taxes into private investment accounts. Walker suggested that Bush and members of Congress focus on improving financing for the program, which would not be significantly affected by establishment of personal accounts.

The champions of privatization twist this to mean that those against it are in denial and claim there's no problem.

Wrong.

Crisis screams urgent. It's inflammatory rhetoric knowingly employed by George W. Bush to scare the public into accepting privatization.

There is a problem but it's not a crisis. There is time to solve it and choose the best solution, which privatization isn't. Privatization doesn't strenghten Social Security, it weakens and eventually destroys it.

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