Wonky Muse
Wonky Muse

March 9, 2005

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.

posted at 1:39 AM by Wonky Muse

+Save/Share | |
Links to this post:

Create a Link






ABOUT

"Sapere Aude."
(Dare to Know)
-- Epistularum Liber Primus, Horace

Wonk (noun): def. A political nerd. Know spelled backwards.

Wonky Muse is the other Filipino American female political blogger. The sane, liberal one.


RECENT POSTS

  • USA Next Sued
  • Desperate Measures
  • United Front
  • Last Defense
  • The Lowdown
  • Sinking Ship
  • Propaganda Machine
  • Attack Dog
  • Down and Dirty
  • Privatization Road Show

  • BLOG ARCHIVES




    BLOGROLL

    Atrios
    BlogRevolution
    Cursor
    Daily Kos
    Hullabaloo
    Firedoglake
    Glenn Greenwald
    Informed Comment
    Memeorandum
    Political Animal
    Talking Points Memo
    The Carpetbagger Report
    The Huffington Post
    Tapped

    WONKY READS



    WEB WONKY MUSE

    TWITTER UPDATES

    follow me on Twitter



    MISC



    Subscribe with Bloglines

    free hit counter script
    image: le sarcophage des muses, musée du louvre.
    site design: wonky muse.