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Tuesday, September 28, 2010

Adult Conversation

It's hard to edify the public about the issues we face when one party in a discussion insists on misrepresenting the position of the other. Take, for example, this exchange between Democrat congresswoman Debbie Wasserman-Schultz and Republican congressman Paul Ryan:
Congresswoman Wasserman-Shultz is actually misrepresenting Congressman Ryan's plan. He has not suggested "pulling the rug out from under seniors." What he has proposed is giving people under the age of 55 the option of investing in the stock market a part of their income that would otherwise go to Social Security. Ms Wasserman-Schultz surely knows this, but she obfuscates the truth as though she doesn't want people to hear it for fear they might like the idea.

I wonder why it is that Ms Wasserman-Schultz, and most of her Democrat allies, are appalled by the idea of giving people the option of investing their own money in ways likely to produce the greatest return. Every retirement system in the country, except Social Security, is invested in the stock market. Could it be that Democrats don't like this idea because it would mean that revenue that would otherwise be available to them to spend on, say, bailing out union pensions, would no longer be there for them?

Who do you want to have to depend on for your retirement: the stock market or a government that is so far in debt that by the time you retire it'll no longer be able to meet its obligations to retirees? Wouldn't you like to be able to decide that question for yourself? People like Ms Wasserman-Schultz don't want you to have that choice.