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Election 2012, Law, Money and Finance, National, Philosophy, Politics, Public Policy, Republican, Rick Perry, Texas

Social Security Disaster: Walter E. Williams

Dr. Williams has it right:

Politicians who are principled enough to point out the fraud of Social Security, referring to it as a lie and Ponzi scheme, are under siege. Acknowledgment of Social Security’s problems is not the same as calling for the abandonment of its recipients. Instead, it’s a call to take actions now, while there’s time to avert a disaster

via Social Security Disaster – Page 1 – Walter E. Williams – Townhall Conservative.

And so does Governor Perry:

”Now, if you say Social Security is a failure, as I have just done, you will inherit the wind of political scorn. Seniors might think you want to cut the benefits they have paid for. Politicians will seek to take advantage, stirring up fear about benefits that will be lost if you elect another “heartless Republican.” I get it. That’s why only retired senators chair entitlement commissions. “

”We are told that no politician has the courage to raise these issues, even if avoiding them puts us on the fast track to financial ruin. But by remaining quiet, politicians are really saying they think the American people won’t understand it if we share the grim details of our financial future, and that voters will simply kill – or vote against – the messenger in order to continue to receive an underfunded benefit that robbed them of the tens of thousands of dollars they should have made. “

”Is that how we should respect our fellow citizens? By underestimating their intelligence, their desire to retire with greater stability, or their commitment to the next generation? Programs and attitudes like this show just how much the New Deal tossed away. A new culture of do-something-it is now trumps any constitutional restraint and feeds the political beast in Washington, and each generation of national politicians wants to expand government, failing to truly address the problems created by the previous generation’s expansion of government. “

Perry, Rick; Newt Gingrich (2010-11-15). Fed Up!: Our Fight to Save America from Washington (pp. 61-62). Little, Brown and Company. Kindle Edition.

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One thought on “Social Security Disaster: Walter E. Williams

  1. A rose by any other name is still a rose, amigo. Disguising intent works for the more experienced politicians insofar as calling a rose a thistle, but those with less experience come right out and say what they intend. Luckily they’re saying frequently enough and with enough volume to make the intentions clear despite the obfuscations of the more experienced.

    Posted by Old Jules | October 5, 2011, 8:40 AM

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