Poll after poll has shown that the majority of Americans are not in favor of President Bush's plan to privatize Social Security. This after several months of administration officials trying to cram it down our throats. What's worse is that they are using our own taxpayer money to do the cramming. About the only thing they haven't done yet is have the secretary of state go before the United Nations with charts of the Dow Jones industrial average and satellite photos of Wall Street. The prize of getting Social Security money diverted into the stock and bond markets must be too huge to give up on. The only ones this scheme is guaranteed to benefit are wealthy investors.
It's time to declare this Robin-Hood-in-reverse scheme dead on arrival, give the president and his rich cronies a big "nice try" and move on to finding sensible and constructive ways to shore up the long-term funding of Social Security.