Tag: E. W. Jackson
"In Galveston, Texas, they have allowed people to privatize part of their Social Security. And people are building wealth." - E. J. JacksonImpracticable Economic Deceptions (IEDs) are the currency of the "free market" right and sustain the Tea Party utopian ideal. The Republican Party has propagated these myths with passion. The origin of the species can be traced to the less evolved and more transparent supply side Laffer curve which has sired many well-camouflaged mutant and hybrid economic myths. These IEDs have been deployed along the path to our future and threaten to devastate any hope for the American dream.
Jackson's pointless point about the Galveston pension system is instructive. First, it is about the shorthand that the right uses constructing mantras that appeal to the under and misinformed. Next, Social Security, like health care reform, suffered obstruction and practical implementation issues from its inception. What Jackson has helped fashion by planting Galveston in the heads of the thankfully few Virginians who heard or read about the Republican debate is a piece of an horrific IED: privatizing Social Security.