May 22, 2008

A Solution to Social Security

I frequently read the blog of SA Andrews who has a link to The Brussels Journal on his site. The Brussels Journal is a European conservative website. I like to know what our fellow conservatives on the other side of the pond are thinking so I clicked over to check it out.

I came across A Working Model About Social Security.

Thirty years ago, a young Jose Pinera, who had earned a Ph.D. at Harvard, was Chile's labor minister. He saw the coming disaster in the government old-age pension system.

Inspired by an idea from the late Nobel Prize winning economist, Milton Friedman, he developed a solution that empowers workers and gives them real financial security. Pinera-type social security systems have now been adopted by more than 30 countries and cover several hundred million people — for a very simple reason — it works
.

The system sounds a lot like what President Bush proposed and the Democrats in Congress killed. Later those same Democrats stood up and shamelessly cheered when he accused them of doing nothing to save Social Security.

Conservatism is making a comeback in Europe - for another very simple reason - it works. It's too bad the political leaders here at home have forgotten that.

9 comments:

zorro said...

The fact that it works will kill it on Capital Hill. It's that simple.

The Lonely Conservative said...

Sad, isn't it? Heaven forbid people should be self-reliant.

Sheldon said...

That's what those Dems like to do. Think for everyone because they think no one can think for themselves. Funny how polititians are sounding less ans less like Americans. Kind of makes you think about what's comming down the pike.

The Lonely Conservative said...

Yeah, they think we're all too stupid to think for ourselves.

sheldon said...

Personally, I would like to manage my own social security account.

The Lonely Conservative said...

Imagine taking all of the money you shell out in SS taxes and instead invest the $ in a 401k! Same thing with Medicare-put that money into a health savings acccount. Start at the age of 18 or 20 and watch your nest egg grow for 45 to 50 years!

S.A. Andrews said...

Good one. Interesting thing-- the article was posted in the Washington Times May 15, 2008. To my knowledge, To date, it has not appeared on U.S. media.
"Information is the enemy of the socialist."

The Lonely Conservative said...

I noticed the date it was posted also. Funny how the media is selective with what info they put out there.

S.A. Andrews said...

Here is what I was talking about. You have my name only listed and it links to my blog. In blogger, it shows up as a http: link, not just a name.