Social Security Privatization - The Red Herring of the Republican Party

This is possibly the best, most concise reason for why privatizing our Social Security is such a bad idea.

Just remember, we don't want what happened to Argentina to happen to us. Bush has already put us in enough of a financial crisis.

Borrow, Speculate and Hope

Then, there's what other countries have tried.

Social Security Around the World

And finally, let's take a look at what Republicans are going to have to do to sell this sucker, as written by Peter Savodnik of The Hill:

Republicans are pushing to rewrite budget rules in an attempt to remove financial obstacles that threaten the GOP’s effort to reform Social Security.

Social Security Numbers Game

Rep. Bob Matsui (D-Calif.), ranking member on the Ways and Means subcommittee on Social Security, said rewriting budget rules to expedite adoption of a reform bill would imperil the country’s finances for decades to come.

“I’ve never even contemplated that anyone would come up with an idea like this,” Matsui said. “The whole idea and purpose of a budget and expenditures and revenues is to have an accurate accounting of where the federal government is in terms of fiscal policy and in terms of the overall economy. To take off $2 trillion and to say it doesn’t really exist because it’s a future debt, it really distorts the whole budget process.”

I know Fridays are supposed to be fluff and light, but this is one message I feel desperately needs to get out.

The Bush Administration is trying to sell the American public a bill of goods. Don't buy it.