Social Security Reform

While catching up on my reading, after the busy holidays, I found a post by Urban Republican that reminded me of my earlier reform battle. I would suggest everyone read the article identified by Urban Republican. Some excerpts:

The misconception that there will be new costs--i.e., "transition costs"--arises from forgetting that Social Security is already, in effect, debt-financed. Consequently: 1) Any debt sold to the public in the short term during the so-called "transition period" to pay all promised Social Security benefits simply refinances an existing liability; and 2) Refinancing Social Security's debt through personal accounts makes possible a reduction, and eventually an elimination, of Social Security's unfunded liability, which otherwise is scheduled to grow without bound

I do believe it a mistake for Democrats to total discount Social Security reform, besides being wrong for the country it shows their total partisan attack on anything Bush - a debate is needed because reform is needed and there are several different opinions even among Republicans. Social Security reform would be an excellent opportunity for bipartisanship and beneficial for the country all the way around!