Over at Power Line, Hinderaker talks about a Democrat-led protest in the Capitol against social security reform:

Children would be better off saving than hoping to someday receive government checks. But the Social Security program makes it impossible for many millions of Americans to save, by sucking up the 15% of their incomes that otherwise could be available for saving. By making saving impossible, it relegates millions of Americans to retirement on the dole, at the whim of Congress. This doesn't apply to wealthy or prosperous Americans, who save through 401(k) programs and other vehicles, and essentially ignore the Social Security system, but Social Security destroys the potential for a secure, independent retirement for many millions of blue collar and middle-income Americans. The Democratic Party's cynical exploitation of these people is one of the scandals of the current political era.

Posted by: Attila at 03:54 PM | Comments (1) | Add Comment
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