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Saturday, December 17, 2011

A Free Market Solution for Social Security

We need a Republican free market capitalist solution for our fiscal problems with Social Security. The same approach used to save American financial corporations from 2008 through 2011 is a perfect model. The Bush administration wanted to allow the financial corporations to earn their way out of trouble. The FED loaned them about $7 trillion dollars at a low interest rate, then borrowed the money back at a high interest rate. The participant corporations are currently pulling down about $270 to $300 million a year. These are just the numbers we know about today, the sums increase with each memo leak and each news cycle.  The exact numbers are not important. It is the concept. Government guaranteed profit, pure Republican free market stuff.

The Social Security short fall is less than half this guaranteed profit, so about a $3.5 trillion loan will more than balance the books.

Making this even more of a shining-city-on-the-hill model of free market capitalism, something to make the entire free world stand in awe and astonishment. We could randomly select about a half dozen social security recipients to split up a $100 million in bonuses. Give them titles such as CEO, COO, CFO, OMG, LOL, etc, and we get the added social benefit of having new job creators.

Being a partisan Republican free market capitalist solution, the Democrats will have some complaint, maybe asking that the CEOs forfeit their $13,200 annual social security benefit. This is an obvious tax increase on job creators and class warfare. Stand your ground Republicans, the Democrats will crater, as always.

2 comments:

Donna said...

I'll take the COO position for the bonus.

Patty said...

I'll be happy to be the LOL.