Tuesday, January 25, 2005

Here's something from Bloomberg News, which isn't exactly
a bastion on wild-eyed liberalism. More a den of
market-trend bores.

"The Trents are part of a demographic phenomenon in the
U.S. unmatched in any of its major trading partners: Americans are having more babies. The trend, combined with an annual inflow of immigrants that is more than the rest of the developed world combined, may undercut a key argument behind President George W. Bush's plan to allow private Social Security accounts: that the current system faces an emergency because of a sharp decline in the size of the future U.S. workforce.

Even Newt Gingrich, the Republican former speaker of the House of Representatives and a supporter of private accounts, says, ``The combination of higher birth rates and more immigration makes the United States the healthiest of developed nations. This is not a crisis.'''

Here's the link to the story.

If supporters of private accounts want private accounts, then they should state their reasoning clearly. They should start a debate on the merits of their ideas. Fabricating a false crisis is, well, deception, plain and simple. If that is how the administration wants to ram its proposals through, well, they better be willing to call uncle whent someone points out the truth. As with most political scandals that develop into law-breaking, its never the act but the deception that get the actors into the most trouble.

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