This is going to go the way of Iraq for the President.
Why?
Because when people realize that the President wants to convert social security into a national 401K plan, the reaction will not be pretty. Because it will hang on one simple question: what if I lose money? And they have to run into the buzzsaw of AARP? You can imagine the commercials.
The problem is that only the ideologues are behind this, and the opposition will be fierce once people realize the stakes. Now, if we lived in James Glassman's Dow 36,000 world, it would be a much easier sell. But the facr is that most people have taken serious losses in the market over the last five years.
The comparison between tax cuts and killing social security is limited. Tax cuts are low risk for people, this is not. If this doesn't go well, people die. If you lose your money in the 2020 version of EToys, and it's federal money, your federal retirement money, who gives it back to you?
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