Moore on "private accounts"

Stephen Moore, president of the Free Enterprise Club (and, no doubt, the Club for Growth and a contributor for the National review, although there's no mention) writes an opinion piece in the Union Leader and New Hampshire Sunday News. It's about what you'd expect from a guy who wrote about how Bush's ownership society would save America, but the real oddity is that he is constantly referring to "private accounts."

Moore seems to address the problems inherent with the idea of privatization by ignoring them all together. Ignore the massive debt load that will be added to our record deficit, because everything will be alright in the future. Ignore the facts that say that Social Security is not in a crisis mode, because I say it is in one. Ignore the idea of benefit cuts because if you are lucky, you'll make the money we cut back through investing. And if you don't, well, we'll just ignore you. Oh, an ignore the fact that you don't have much knowledge of the markets, because you'll get to own that lack of knowledge when we ask you to invest it in you future.

But if you don't think about it, it's sunshine and lolipops for everyone.