A Boston Tea Party …(12.1 Reasons)

If you listen to Democrats, one would think that Social Security is the best thing ever created by man. We have all heard that it is the third rail of politics and is untouchable for politicians. Republicans are offering a new reform but Democrats won’t even listen to any potential changes to this mainstay of Americana. This seems confusing to me because if the system is so wonderful why don’t politicians take part in it?

This is the one main question that needs to be thrown in anyone who opposes Social Security reforms. As of now I have not heard any politician answer this question. Why are they opting for a savings plan rather than joining the plan all of America is involved with. George Will writes in last weeks “Newsweek” that the thrift savings plan that all federal employees are members of returned a rate of 12.1 percent over the last 17 years. Those last 17 years included the dot com bubble and the recession that followed 9/11. The thrift savings plan allows them to diversify their investment into very safe secure choices. My hunch is that each member is very happy with the results.

Social Security returns 1 – 1.5 percent on your money. It does not take a rocket scientist to figure out why federal employees including all Congressmen prefer a different system.
I have 12.1 reasons why I want their thrift savings plan to be available to all Americans. They have one reason why they don’t. They get to spend the money received as Social Security taxes but would not be able to spend money placed into private accounts. I say if they are willing to join our system then I will understand an argument against reforming Social Security. Each politician should be asked why they prefer their system to ours.