"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery…" — Winston Churchill
George Rebane
Having already posted an update to 'Unlimited Debt Musical Chairs', I woke up this morning to a WSJ editorial that succinctly summarizes the big progressive lie continually drummed into voters for at least the last decade – the lie that Social Security was solvent, and would be for some years to come. The lie was deeply embedded by politicians like Al Gore and liberal outlets like PBS doing specials on the solid funding of America’s retirement account. Therefore it’s no surprise that local yokels all over the country repeated it to their friends and neighbors. But it has been an ongoing surprise, at least to me, that these same people were so dense as not to snap out of it when told what that SS Trust Fund contained. Their standard parrot-like response was, ‘But that’s just your opinion.’
And this universal response came even on top of one of their own leaders, Bill Clinton’s budget director Jack Lew, who told the country in 1999 that the they shouldn’t trust the Trust Fund – it was empty, it had in it only a growing stack of IOUs that the government had no plan for redeeming other than borrowing more from the future.
This should be a teaching moment for all out there who are depending on redistribution of wealth for their quality of life. But it is not likely that anyone out there or nearby will learn.
Peggy Noonan delivers a sobering and adult admonition about the current doings in Washington; it’s worth a read.
rebanesruminations.com 
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