This just in from the Associate Editor of the Washington Post:
Even more curiously, a "senior administration official" who briefed reporters on the Social Security proposal earlier today disclosed details of the White House plan that I don't think will play well in Peoria. Most significantly, this official revealed that most or all of the earnings from new "personal" or privatized accounts will be paid not to the holder of the account, but to the government. The senior official called this a "benefit offset." It's one way to finance the creation of these private accounts, but it's going to cause quite a political stir, I think.Those little liars. So we get to speculate with "our" money, and then Uncle Sam will take it away from us in the end anyway? Nice. What a son of a bitch. That's not really giving us "ownership," now is it?