The argument over Social Security privatization isn't about rival views on how to secure the program's future - even the administration admits that private accounts would do nothing to help the system's finances. It's a debate about what kind of society America should be.Don't miss yesterday's Paul Krugman column, not least because he continues to expose Joe Lieberman for the Republican that he really is.
And it's a debate Republicans appear to be losing, because the public doesn't share their view that it's a good idea to expose middle-class families, whose lives have become steadily riskier over the past few decades, to even more risk. As soon as voters started to realize that private accounts would replace traditional Social Security benefits, not add to them, support for privatization collapsed.
But the Republicans' loss may not be the Democrats' gain, for two reasons...
W & Co are throwing about this "$600 billion" figure - according to them, that's what it costs each year we wait to "fix" Social Security. "Fix" is to privatization what "liberating" is to blowing Iraqi people to bits.
The $600 billion figure is bullshit. "So," Krugman writes, "anyone who repeats the $600 billion line is helping to spread a lie." And that includes several so-called Democratic leaders. Read more, or go straight to the source.