A very familiar notion from the American Thinker: "Obama's latest proposal to raise taxes"
Moreover, under current rules, Social Security caps both benefits and earnings. Thus, unless Obama also favors paying more Social Security benefits to the wealthier earners -- highly unlikely -- then his plan undermines Social Security's historic role as a basic social safety net rather than a program that redistributes income. This realization has triggered criticism even from Democrats, including Henry Aaron of the liberal Brookings Institution and former Rep. Charles Stenholm of Texas. "When you say you're going to begin means-testing the program," Stenholm noted, "you begin to convert Social Security from an insurance program to a welfare program."Social Security's saving grace as a government program is the notion that it's "universal" in that everybody gets back something proportional to what was "saved." As a conservative who thinks it's all a big Ponzi scheme, Obama's proposal affirms the idea that all government programs, eventually, morph into a Robin Hood default. This program is going to wither functionally and politically. Thank heaven for 401(k)s.