Wednesday, January 26, 2005

Progressive Reactionaries Part Deux

Last month in this post I pointed to a Rich Lowry article describing how so-called "progressives" are actually reactionary. Now Pete DuPont has chimed in on Social Security reform and why the Dems are opposed:
Of course the liberal left hates the idea. Harold Meyerson of The American Prospect says that "Social Security is not facing a financial crisis at all"; it just needs "to increase its revenue and diminish its benefits." So higher taxes and lower benefits are superior to personal ownership of retirement assets? And a government promise to pay you with money it doesn't have is better than allowing you to have assets under your own control? Neither makes any sense.

More likely their worry is political, that as columnist Robert Novak says: "The Democratic establishment is appalled at the thought of private Social Security accounts turning ordinary Americans into owners of stocks and bonds and, therefore, potential Republicans."

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