Pension Privatization

Via Ankle Biting Pundits comes this remarkable quote from Howard Dean's recent talk in Washington, DC:

"We need to have pension portability, so that pensions as we move from job to job to job, the pensions follow us. they don't stay in the company. That great Democrat, Jim Jeffords has been introducing this for 15 years."

Forgetting that Jeffords was a Republican for 13 of those years and is now an independent, consider what so-called "pension portability" would entail: taking funding out of a large investment pool and putting it in the name of the individual.

This is exactly what a private Social Security account attempts to accomplish. The Dems view apparently is that pension portability is such a good thing that the government should compel private businesses to "privatize" their pension plans, while steadfastly refusing to even talk about such a plan for Social Security.

Follow the link for more breathtaking Dean asshattery.