My failing memory...
I thought I read a comment here at Corrente that encapsulated the Social Security issue perfectly: We paid double payroll as a result of the Reagan/O'Neill compromise, and then Bush handed our money away to the rich, with Greenspan rubbing his hands in the background. Can whoever wrote that comment, if indeed I read that here, raise their hand? Thanks.
Because if that's true, then what the Gen-Xers and the millenials should be helping us do is get our money back from the rich so they don't have to bear the load. Not that you'd catch Obama saying that.
NOTE Interestingly, Obama never says "Social Security." He says "retirement security." That makes my privatization Spidey Sense tingle. Am I too paranoid? On this subject, I mean?
UPDATE Thanks to alert reader Bluegrass Poet, the source turns out to be not Corrente, but the great Avedon. The full quote:
[T]he first spate of "the Baby-Boomers will break the Social Security system!" alarmism generated a wonderful plan to double-tax Boomers so that while paying into the system to support their parents, they were also paying into the system toward their own future drawings. And that's what Boomers have been doing for the last couple decades. That money came largely from people who make under $100K a year, and that's the money Bush gave away with his "It's your money!" tax cuts. Yes, it was your money, but he gave most of it to someone else.
We're ruled by thieves. Social Security privatization helps them steal. (As does a lot else, but this is a big one.) And now that the commissions and the fees from the the real estate scam have dried up, they'll be looking for another revenue stream -- "helping" us with our "retirement security." No thanks.