THE SOCIAL SECURITY DEBATE

Australia has long had what GWB is advocating and it is uncontroversial here. I have said nothing on the U.S. debate so far because Dick McDonald does such a good job on it but here are some recent interesting excerpts anyway:

Leftists: Do as I say, not as I do "In the Democratic response to President Bush's call to make Social Security a better deal for younger workers through voluntary personal retirement accounts, Senate Democratic Leader Harry Reid likened the plan to a risky game of 'roulette.' New York Times columnist Paul Krugman called it a 'system in which workers engage in speculation that no financial advisor would recommend.' In opposing personal accounts, the American Association of Retired Persons (AARP) launched national ads stating: 'Winners and losers are stock market terms. Do you really want them to become retirement terms?' Given the way the Democrats and some commentators are talking about stocks, bonds, and mutual funds, you would assume that none of them invest any of their own money, and instead keep sacks of cash in their mattresses."

Pension funds invest in the stockmarket anyhow: "The debate over allowing younger workers to invest a portion of their Social Security payroll taxes in personal retirement accounts has become increasingly politicized, with some groups charging that the plan will amount to "gambling" in the stock market and giving billions in Social Security dollars to Wall Street pension fund managers. For example a recent series of television ads sponsored by the AARP depict a middle-aged man and woman saying, "If we feel like gambling, we'll play the slots... According to the Federal Reserve Board, public employee pension plans alone had nearly $2 trillion in assets as of September 2004. Overall, 54.8 percent of these assets were invested in corporate equities"

That wicked cigar fancier: "Perhaps hoping to win over undecided Democrats to President Bush's Social Security reform proposal, White House Deputy Chief of Staff Karl Rove told FOX News on Wednesday that former President Bill Clinton did 'a courageous thing' by pointing out the retirement program's problems. 'President Clinton did a courageous thing when he pointed out the looming insolvency of Social Security,' Rove said, adding that the current program is facing 'a demographic time bomb that's going to go off with certainty.' Social Security currently is taking in more money than it pays out, and is expected to do so for the next 13 to 15 years. But after that, the program will be paying out more money than it collects and is likely to go bankrupt by 2042 or 2052, depending on whose calculations are used."

Social security reform is anti-black? "Milloy contradicts himself. He lays out all the ways that we blacks are killing ourselves: cigarettes, unprotected sex, obesity and high salt intake. Then he indicates that somehow these self-inflicted wounds are about a "slave health deficit," and that some researchers say they have found links between hypertension and racism. He then concludes that somehow the president not only does not care but is a cheerleader for this black dance of death -- all because he wants privatization of Social Security so badly that he wants blacks to die early to make a case for it."

Jeff Jacoby: "You don't have to be a financial wizard to know that Social Security is a lousy investment. Unlike the money you deposit in a bank or salt away in an IRA, you don't own the money you pay into Social Security. You have no legal right to get those dollars back, and when you die you can't pass them on to your heirs. Nor can you use your Social Security account before you retire -- you can't borrow against it and you can't cash it in. You aren't allowed to put the money into a balanced portfolio. You can't even watch as the interest accumulates, since your Social Security nest egg doesn't earn any interest".

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ELSEWHERE

PETA doesn't care about evidence. They KNOW! "Somebody pass the butter. A recent Norwegian study reports that lobsters and crabs don't have the capacity to feel pain. And the animal rights nuts at People for the Ethical Treatment of Animals ... must be steaming. Animal rights wackos have a long history of pursuing 'lobster liberation.' PETA's own website offers helpful 'tips' on liberating lobsters from restaurants and supermarkets. ... The Guardian helps explain why lobsters and crabs can't feel pain, pointing out that they have only 100,000 neurons, whereas many vertebrates have upwards of 100 billion. Meanwhile, continuing its long tradition of ignoring inconvenient facts, PETA turns to supposed scientific evidence from the Coalition to End Animal Suffering and Exploitation to 'prove' that lobsters feel pain anyway."

Fighting fire with bureaucracy: "Firefighting is a dangerous occupation. Firefighters face an occupational fatality rate two to four times the rate of average Americans. In an attempt to mitigate the risks faced by firefighters, the Occupational Safety and Health Administration requires the use of protective equipment such as self-contained breathing devices and fire retardant clothing, and there the troubles begin. To achieve OSHA compliance, firefighters must carry the 30 pound breathing device and another 30 pounds of protective clothing for the duration of interior firefighting activities. Those 60 pounds increase the excessive physical stress a firefighter experiences and likely contribute to the leading killer of firefighters, cardiac arrest."

Competition undermines tobacco/government alliance: "Big tobacco was supposed to come under harsh punishment for decades of deception when it acceded to a tort settlement seven years ago. Philip Morris, R.J.Reynolds, Lorillard and Brown & Williamson agreed to pay 46 states $206 billion over 25 years. This was their punishment for burying evidence of cigarettes' health risks. But the much-maligned tobacco giants have subtly and shrewdly turned their penance into a windfall. Using that tort settlement, the big brands have hampered tiny cut-rate rivals and raised prices with near impunity. Since the case was settled, the big four have nearly doubled wholesale cigarette prices from a national average of $1.25 a pack (not counting excise taxes) in 1998 to $2.10 now. And they have a potent partner in this scheme: state governments, which have become addicted to tort-settlement payments, now running at $6 billion a year. A key feature of the Big Tobacco-and-state-government cartel: rules that levy tort-settlement costs on upstart cigarette companies, companies that were not even in existence when the tort was being committed. The 1998 scheme came under legal attack almost from the start. While the cartel has fought off most of these challenges, it has just taken a palpable hit. A federal court in New York tossed out a key antidiscounter rule, and the entire settlement could yet crumble. This is due to the doggedness of one Jeffrey Uvezian, who sells cheapie cigs under such brands as Cobra, Boston and Tough Guy, through his company, International Tobacco Partners".

Arlene Peck: "Not that they would notice, but illiteracy in the Arab world is at an all-time high and rising rapidly, with the out-of-control rise in population. It is possible when you're allowed four wives and have an average of ten children with each. Since they keep their women pregnant, barefoot and out of schools, over half of them are not even able to read or write. At the pace they're going in the Arab world now, it will take roughly 30 years to wipe out basic literacy".

On SOCIALIZED MEDICINE I have just put up a story that will make you pray that you never have to rely on socialized medicine. And there is a pretty amazing power-grab reported on LEFTISTS AS ELITISTS.

My latest posting on MarxWords notes what a sponger Marx was. My latest posting on "A scripture blog" looks at Matthew 25:41 and "The eternal fire which has been prepared for the devil and his angels ..."

For more postings, see EDUCATION WATCH, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE and LEFTISTS AS ELITISTS. Mirror sites here, here, here, here and here

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That power only, not principles, is what matters to Leftists is perfectly shown by the 2004 Kerry campaign. They put up a man whose policies seemed to be 99% the same as George Bush's even though the Left have previously disagreed violently with those policies. "Whatever it takes" is their rule.

Leftists are phonies. For most of them all that they want is to sound good. They don't care about doing good. That's why they do so much harm. They don't really care what the results of their policies are as long as they are seen as having good intentions.

The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist"

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