Screaming Penguin - Source Does Matter

Once again, those whacky Libertarians get chided for actually talking about what they are talking about:

Greg Crist, director of communications for the House Republican Conference, liked my column on Social Security. Well, most of it. As he explained in an e-mail message, he did not care for my use of certain explicit language that he feels has no place in public discussion of the president's reform plan:

Every day, we fight reporters and Democrats for using the term 'privatization' b/c every poll worth its salt shows it frightens the public.

And here you write a great article, but use the term in the headline and everywhere else!

Can you help us out please? Dems love to demagogue. We shouldn't help them.

Bad as it is for Republicans to covertly buy the assistance of commentators, it may be worse when they assume you're on their team without having the decency to pay you. For the record, the word privatization appears only once in the column, and not in the headline. But I do use the word private half a dozen times to describe the individual retirement accounts about which the president promised: "The money in the account is yours, and the government can never take it away." He also described it as a "nest egg" that "you'll be able to pass along...to your children or grandchildren." Sounds pretty private to me.

Still, it's true that the contributions, investment choices, and withdrawals all would be regulated, so Crist has a point. Maybe "forced, socialized savings accounts" would be a better description, although I'm not sure how well it would poll.

Now, I think the article in question is flawed for several reasons:

1. It fails to mention the governments taking of your money the momement it forces you to turn it into an annuity, and one that won't pay as much as your current social security once the fees are assessed.

2. The pretense about passing it along only applies if you never use it. Well, a rich guy can certainly just bank his SSI payments now and pass that along. The average person, though, will need that annuity at retirement.

3. The article completely straw-mans the opposition by making it somehow about socialism. Whatever.