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February 09, 2005
Die, Social Security!
I must admit to being not as well-informed on the budget as I should be. However, it seems to me that re: Social Security at least, the administration is just trying to kill it under the guise of reform. As an editorial in the Catholic weekly America points out, the Bush changes would fundamentally alter the program, changing it from a welfare program to a government-administered stock portfolio, a decision that raises the harrowing prospect of a Depression-like future, with retirees who invested poorly begging on the streets.
Related is this Slate article from late last month that, perhaps unrealistically but humorously at least, speculates that the GOP is still trying to get back at FDR.
Posted by Ben at February 9, 2005 11:59 AM
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