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Unreasonable People Shouldn't Do Puzzles, Anyway
December 15th 11:28:31 AM

 In an interview with BusinessWeek, Treasury Secretary Henry Paulson says,

"Social Security reform, entitlement reform overall, is a major issue for the President.  The sooner we fix it, the less costly it will be, the more economic flexibility we will have, and the fairer it will be to the younger generation...The President believes strongly that personal accounts are an important part of this puzzle.  And I see it that way, too.  But the Democrats can come to the table and talk about their alternatives.  What I want to do is get reasonable people together and come up with something that works."

By and large, Americans agree with President Bush that Social Security reform is a major issue.  According to an article in Rasmussen Reports, 57% of the general population support fixing Social Security, and an overwhelming 77% of people under 30 want change. 

Yet it remains unclear exactly how most Americans think we ought to change the system.  Only 27% are in favor of a tax increase, and a mere 15% support benefit cuts.  Rasmussen offers a rather vague proposal that would allow workers to determine contributions based on anticipated retirement age, but I for one have no idea if I'll be working until 65, 75, or 85.  This is more of a concept than a viable solution. 

Here is something to consider though: If 77% of people under 30 want a Social Security fix, and 66% of people 18-29 support personal accounts, then only 1 in 7 young people who recognize the funding problem suggest a solution outside of PRA's.  This is proof that when we are given an option for protecting our future, we choose personal accounts.  And it is even more proof that we are winning this debate.   



Posted by Ryan Lynch
 

 

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