Posted by
Jefferson on Tuesday, February 20, 2007 4:23:00 PM
The Presiden't budget for 2008 again contains provision for voluntary personal retirement accounts. This does little for those of us whose budgets are at the margins but maybe, just maybe this is the beginning of the end of this outdated program.
Sen. Max Baucus, my new personal mission in life, is on the record as being firmly against personal retirement accounts.
I leads me to ask, what flaw of personal character makes one so opposed to personal economic freedom? If we aren't in large measure in control of the fruits of our labors are we really free? What is it about you and me that leads Sen. Baucus to believe that we are incapable of making our own decisions? It all stems, I believe, from Niccolo Machiavelli's apt description of man's innate will to power.
Either way, I could do much better with the monies that are stolen from me by the Federal government. Invested wisely, this would yield a much greater return than the government could hope to offer.
But alas, that is not the reason we can't be trusted with our current social security payments. The reason is that the program's funding has long since been taken. Rather than invested wisely our employees (representatives) have been using it to buy their seats in congress with ever larger and more elaborate give-aways.