Refusing To Learn From Past Experience
By Star Parker
April 6, 2009
Page 2 of 2
The last attempt to "fix" Social Security was in 1983 with a special commission headed by Alan Greenspan. It supposedly was going to fix the system well into the 21st century. Within ten years it was clear that it didn't.
The Greenspan commission came up with the idea of raising even more funds from the payroll tax to build a trust fund to deal with the increasing number of retirees per worker.
The fund has been a joke because as the money went in, our government just spent it. So now it's just a pile of government IOU's. Now even that fund is almost in the red, ten years earlier than government economists were projecting just last year.
Other government conceived and managed dinosaurs, Medicare and Medicaid, are in even worse shape.
Re-invent America by bringing government management to our auto, banking, energy, and health care industries? If you ignore all past experience, you might like the idea.
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Note -- The opinions expressed in this column are those of the author and do not necessarily reflect the opinions, views, and/or philosophy of GOPUSA. >> Back -- Page 1 2
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