Social Security the "Real" Reason

Larry Elder exposes the real reason Democrat's are resisting President Bush's "personal accounts", "you're too stupid to manage your own money".

Former Democratic vice-presidential contender Geraldine Ferraro inadvertently revealed the real reason behind Democrats' resistance to the president's proposal of Social Security partial privatization. " . . . [I]f you don't have the knowledge [emphasis added] and the wherewithal [emphasis added] to manage your own private funds," said Ferraro, "well, you know, you're gonna be out of luck."

Now, Americans possess the ability to make the money. Ferraro's comments parallel the Americans-are-too-stupid theme embraced by former President Bill Clinton. Speaking in 1999 about the $70 billion budget surplus, Clinton said, "We could give it all back to you and hope you spend it right. . . . Do you really want to run the risk of squandering this surplus?"

I don't find this surprising, this is a constant theme among Democratic leaders - "we are simply smarter and know what is best", and exemplifies their arrogant elitist mentality... Read more of Mr. Elder's column here.