Thursday, March 17, 2005

The MSM Declares That America Does Not Want "Personal Accounts" In Social Security

The usual suspects from the MSM continue to tell America that Americans don't want private accounts as part of the overhaul for Social Security. The MSM refers to recent polls that they say suggest this is the case. Well, it isn't:

The Washington Post reported this poll result yesterday:

Would you support or oppose a plan in which people who chose to could invest some of their Social Security contributions in the stock market?
Support: 56%
Oppose: 41%
No opinion: 3%
Its pretty clear by this poll that Americans are interested in investing a portion of their Social Security taxes in private accounts that will yield a much higher rate of return on investment versus the present system. Thanks to Powerline for hitting us to this polling data.

UPDATE: Brendan Miniter of Wall Street Journal Opinion Journal writes this very compelling case for Private Accounts in Social Security.



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