Cheat-Seeking Missles

Wednesday, February 02, 2005

Social Insecurity Ahead for Dems

As Dem electeds hissed the President's Social Security comments during the State of the Union speech and railed against private accounts in their post-speech commentary, one word comes to mind:

Why?

Are they really dead set on alienating even more voters? Can't they see that pandering to oldsters and alienating youngsters is not a good long-term policy?

Here in a nutshell is what's wrong with their policy position, courtesy of the Cato Institute:
  • More than 88 percent of Americans believe that Social Security either is in trouble today or will be in trouble within the next 20 years. Fully 60 percent of all Americans under age 65 believe Social Security will not be there for them when they retire.
  • As a result, more than two-thirds (69 percent) believe that Social Security will require "major" or "radical" change within the next 20 years. Among younger voters, approximately half believe that major or radical change is needed today. The support for change cuts across ideological and party lines.
  • Voters reject most traditional Social Security reforms such as raising the retirement age, raising payroll taxes, or reducing benefits.
  • Approximately two-thirds of voters would support privatization of Social Security, transforming the program into a privatized mandatory savings program. More than three-quarters of younger voters support privatization.