Well, whydda know, Dickhead Cheney is now positioning social security refrom as an asset allocation initative for the poor, a totally brand new argument we have't heard before...
This kind of reminds of that other time this administration changed rationales on a daily basis for one of their big initiatives...What was that fiasco called? Oh yes, that's right, it was the Iraq policy that was promoted with constantly shifting arguments...
Well, folks, it's deja vu all over again with social security. This should be fun...
(AP) - Vice President Dick Cheney took on critics of the administration's Social Security overhaul plans Thursday, arguing that channeling part of workers' salaries into the stock market would help pull poor Americans up the financial ladder. Establishing personal accounts as a part of the Social Security system "would continue a great American tradition of upward mobility and individual independence," Cheney said in his first policy speech on revamping the system.
More bile on the jump...
"...Many low-income workers who have nothing to spare after taxes would have a chance to begin saving for their later years," he said at The Catholic University of America. Without offering any such specifics, Cheney said, "Personal accounts hold the promise of turning every American worker into an owner, giving them a retirement fund they control themselves and can call their own."
The idea that Social Security personal retirement accounts would help lift the poor was a new argument for the administration. There was no mention of it at a lengthy White House briefing for reporters on Social Security changes a month ago. In a Social Security speech on Wednesday, Bush did not make such a case..."