Reframing the SocSec ripoff

[Jackpine Radical]

I'm not sure which of these descriptive phrases I prefer:

Risk-based retirement planning
Povertization of Social Security
Piratization of Social Security

Any other thoughts?

[antigop]

1. Some other ideas

Gamble
Casino
Social Insecurity
Ponzi scheme -- I think there will be a stock bubble created due to huge new inflows into the stock market, with no increase in the supply of stocks. It's simply supply and demand -- you would increase the demand -- without increasing the supply -- prices go up.
At some point the air comes out of the bubble and poof! you are left holding the bag.

[The White Tree]

2. I wrote this to th NYTimes yesterday

They did not call so I am assuming they won't use it so I'll post it here.

"Republicans have a tremendous gift for contradicting each other. Republican pollster, Frankie Luntz, says that, " 'Personal' is encompassing. It's individual. It's ownership.”
That may be a fair description of the word personal, but it would seem to be a far cry from the Republican plan.

According to Republican Jim McCrery, an individual doesn’t have complete control over these accounts, has “limited choices” and must annuitize a portion upon retirement. The only thing personal about it sounds like the persons name on the account.

I think the word privatize is more accurate. Any benefits or deficiencies from the plan would be derived from the success or failure of the investment of the money by and large in the private sector. Taking public money and investing it in the private sector is indeed “privatizing” it."

The meat in this is the last 2 paragraphs regarding the fact that a) the public will not be able to exercise much control over the income that is diverted to private accounts and b) that income will be invested mostly in the private sector subject to the decisions of the federal government.

I think reframing the debate should include something along the lines of raising the awareness and understanding of the massive potetial that exits for abuse under this system that will ultimately be deetrimental to it.

So maybe a good term might be "Enronizing Social Security".

At the very least that puts a burden on the republicans to be more forthcoming over what peoples "choices" would be under the plan they say they have but don't give details for.