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| In his 2005 SOTU address, President Bush proposed, as part of his Social Security reforms, to let
workers invest up to a third of the 12.4 percent payroll tax that they
and
their employers pay on their wages. Democrats,like Harry Reid
below, responded by reading scripture from the Book of Lenin. Remember?
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But maybe most of all, the Bush plan isn't really Social Security reform; it's more like Social Security roulette.
Democrats are all for giving Americans more of a say and more choices
when it comes to their retirement savings, but that doesn't mean taking
Social Security's guarantee and gambling with it. And that's coming
from a senator who represents Las Vegas.
Sometimes important questions, like Social Security or the economy or
education, get reduced to dollars and cents with the competing policies
of political parties.
But really, these are questions about our old-fashioned moral values
that don't get talked about much in Washington but matter so much to
our country.
Are we willing to do right by our parents and take care of our
children? Do we believe that big corporations with powerful lobbyists
should get special favors and that the wealthiest should get special
tax breaks? Or do we believe we are all God's children and that each of
us should get a fair shot and a say in our future? [Transcript of Democratic response ]
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What?
Take money from the stewardship of the federal gummint, and entrust it
to BIG BUSINESS! How dare you? Obama's plan will do pretty much the same thing, with
one important difference. His plan to save Americans from themselves
appears to be in addition to Social Security. And his plan makes business owners go along, at the point of a gun.
Listen:
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The presumptive Democratic presidential nominee proposes that
companies that don't offer retirement plans be required to set up and
automatically enroll employees in IRA-type accounts. In addition,
companies with plans would have to automatically enroll workers in them. 
Employees,
unless they opt out, would have 3% of their salary directly deposited
into the retirement account, typically into a low-cost index mutual
fund. And the government would match part of the money certain
employees contribute.
To encourage low- and moderate-income people to stay in the plan, Obama
would provide a federally-funded match for families earning less than
$75,000 who set aside money in a retirement account at work or on their
own. The government match - 50% of up to $1,000 in savings - would be a
refundable tax credit directly deposited into an IRA.
... the proposal also would impose new mandates on businesses, while
costing the federal government $18.8 billion a year, according to the
Tax Policy Center, a nonpartisan policy group in Washington D.C. [blah-blah-blah]
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Should
this plan be enacted, do you think Democrats would allow businesses, or
even the account holder, to decide what funds are invested
in? Not on your life, The fascist model, and make no mistake, Obama
and democrats reek of neo-fascism, would grant government an oversight position on
the companies whose stock is involved. In other words, a Henry Waxman
will be Chairman of the Board of every company in America. If I'm wrong, I'll kiss your ass in Macy's window.
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