Small Business Reading Room

Thursday, June 16, 2005

Social Security Update

The staff here at Delaware Intercorp, Inc. is fairly young. Our average age is 35 (Thanks to "you know who" for bringing the average down).

So we are also concerned about Social Security. None of us see a bright future of collecting on the public dole when we get to retirement age, whenever that might be.

Two of this authors favorite sources are now predicting that President Bush's plan for Social Security reform will go down in flames. This makes us all a little mad.

The CATO Institute, quoting the Washington Post in the Daily Dispatch reports that Senate Republicans are looking for a way out of Social Security reform:
"Senate GOP leaders, in discussions with White House Deputy Chief of Staff Karl Rove and political officials, have made it clear they are stuck in a deep rut and suggested it is time for an exit strategy, according to a senior Senate Republican official and Finance Committee aides."

The Wall Street Journal Opinion Page Editors write today, "Howard Dean observed recently that he hopes to "galvanize the Democrats into being the party of individual freedom and personal responsibility." That's a wonderful idea - just the kind that would put the Democrats back on the road to national viability. But that leaves unanswered the question of how a party that opposes voluntary personal accounts for Social Security, school choice for parents, tax and welfare reform, free trade and limited government broadly defined can sell itself as the freedom and responsibility party."

It is understandable that younger workers would feel frustrated by the Democrats obstructionism and the Republicans lack of fortitude.

posted by Larry at 1:32 PM - permalink 1 comments

1 Comments:

Frustrated is an understatement.

Are the interests of younger workers actually represented in this government by either party?

Doesn't look or feel that way to me at all.

I guess that our voter demographic isn't strong enough to warrant representation from current politicians and those that will be running in the coming elections...

By Unknown, at 5:02 PM