The Meaning of ‘Ponzi scheme’ vs. The Consequences of ‘Privatization’How the Left once again is letting Republicans define the issues• Who Cares What Perry Believes?
• What does Social Security look like in Perry’s White House?.................
Rather than battling over a definition coined by a crank,
the Left needs to focus on what Social Security would become under a President Perry – or a President Romney. Despite the two candidates’ differences in rhetoric, both believe in “fixes” that lead to the program’s demise.
Both Perry and Romney have voiced their support for creating private, individual social insurance accounts – which Romney claimed in 2007 is different from “privatization,” even if it isn’t different at all. Rather than minor tweaks, which is all that will be required to extend the longevity of a program that has already worked for three-quarters of a century, Republicans prefer scrapping the entire point of Social Security: the security part.
Whereas Democrats understand the moral imperative of maintaining a program that for 75 years has helped keep senior citizens out of poverty, Republicans, in contrast, believe that if you live past a certain age and run out of the money you paid into a private retirement account, oh well. You can “live in a gutter,” as Limbaugh put it.That is the difference between Republicans and Democrats, and that is the comparison liberals and Democrats ought to be making. Publicly. Not terms and definitions and contrasting arguments about slight similarities that even Chris Matthews can’t quite pin down, but the heartlessness of forcing senior citizens to “live in a gutter” if they live too long, if they are injured as working adults, if their spouses die, or if they’re otherwise unable to work long enough to build up a sufficient savings. Social Security is not a retirement account, it’s an anti-poverty program that provides some dignity to seniors.
MORE:
http://www.muddypolitics.com/2011/09/meaning-of-ponzi-scheme-vs-consequences.htmlhttp://www.balloon-juice.com/2011/09/16/pushing-back-on-conservative-social-security-is-a-ponzi-scheme-framing/#more-80672