Paul Weyrich, Chairman of the Free Congress Foundation, wrote about recent reform proposals put forth by policy specialist Peter Ferrara. Ferrara's "The Market Alternative to the Welfare State" details the reasons why large tax increases are not a solution to the underfunded liabilities of entitlement programs, and why we must turn instead toward sensible, pragmatic reforms that reverse the "disastrous trend toward Big Government."
Mr. Weyrich's article pays particular attention to Ferrara's section on Social Security, praising "The Market Alternative" for avoiding the false dichotomy of benefit cuts or tax increases. Because personal accounts offer a practical solution to the shortfall, even those who would opt out should support the proposed move toward ownership. As Weyrich puts it, "One of the best aspects of the Ferrara plan is that it would eliminate the long-term deficit which the System now faces. Because Ferrara would hold harmless anyone who did not wish to make the switch I find no downside to his plan."
Read more here.
