Anderkoo

William Shipman’s Op-Ed piece in today’s Globe, “No Halfway Measures,”
goes only halfway in comparing plans for Social Security reform. He
lampoons
the idea of investing Social Security in government bonds, or even
government-managed funds, as handing out $1 million
bonds to everyone, then taxing each for $1 million. But Shipman fails
to admit that President Bush’s plan plays the same shell game. By
taking tax restoration off the table, Bush must widen the
federal deficit to fund the transition to private accounts. The
result:
Bush borrows my money (as a
29 year old, I’ll be stuck paying off the deficit) and then puts less
of it in my Social Security account — all so he can give Boomers tax
cut windfalls today and guarantee their retirement benefits tomorrow.

Shipman’s advice to the charlatans who play these games is “better get
out of town.” Indeed, by the time our generation realizes we’ve been
had, Boomers like Bush and Shipman will be out of the picture, leaving their children to work off their debts.