June 20, 2005

Jim DeMint's Really Bad Idea

The Wall Street Journal reports that Jim DeMint (R-SC) has decided to "introduce legislation, with support from third-ranking Senate leader Rick Santorum of Pennsylvania and House Majority Leader Tom DeLay of Texas, that shuns the solvency goal in favor of creating small private accounts from Social Security's current surpluses." (Emphasis mine)

Ok, can we finally, at long last, stop pretending that Republican leadership wants to "save" social security? This is about diverting money from the trust fund and decreasing the long-term solvency of the program.

This "plan" is coming from the man who campaigned on replacing the federal income tax with a 30% sales tax.


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