Under Mr. Bush's plan, workers with private accounts that fared poorly would find themselves destitute.
Why expose workers to that much risk? Ideology. 'Social Security is the soft underbelly of the welfare state,' declares Stephen Moore of the Club for Growth and the Cato Institute. 'If you can jab your spear through that, you can undermine the whole welfare state.'
By the welfare state, Mr. Moore means Social Security, Medicare and Medicaid - social insurance programs whose purpose, above all, is to protect Americans against the extreme economic insecurity that prevailed before the New Deal. The hard right has never forgiven F.D.R. (and later L.B.J.) for his efforts to reduce that insecurity, and now that the right is running Washington, it's trying to turn the clock back to 1932.
Medicaid is also in the cross hairs. And if Mr. Bush can take down Social Security, Medicare will be next.
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