Why do republicans want old people to be poor?

OK, so not all of Meet the Press was that bad.  Joe Biden certainly gets the prize for the quote of the day.  This should be branded onto the foreheads of Congressional Democrats, and repeated until we're sick of hearing it:

[L]et's get one thing straight.  No matter how you cut it, this real debate on personal accounts is about the legitimacy of Social Security; it's not about the solvency of Social Security.

Thanks for making that clear, Joe; would that some of your colleagues were as lucid.  I hope you make the right decision about 2008.

-- Michael

Comments

[Incertus]

So what's the right decision--run or not run?

[dmeyers]

I will come right out and say it, from a financial management perspective the way SS is structured is totally ridiculous. Go to any business school and try and find just 1 professor to defend setting up a social insurance program in the form of a ponzi scheme where surplus monies are spent to fund programs by those in charge of overseeing the program.

I am at a loss to why an entire political party wants to keep a program completely in tact that is purely a ponzi scheme that is imploding on itself. I guess we can either call you the "see no problem, hear no problem, speak no problem" party or the ostrich party. Burying your heads in the sand, pulling your covers over your head, or tightly closing your eyes will not fix Social Securities structural flaws.

[Cheryl]

If there is any ponzi scheme out there, it is the radical right's faith-based treasury pilfering initiatives.