None of these ideas is a positive development for low-income workers. Some Democrats have suggested new retirement accounts in addition to Social Security. But low-income workers don't have extra cash to put into these accounts. And such "add-on" accounts do not address the dangers I mentioned above.
Because these "add-on" accounts don't help lower-income earners, additional proposals suggest government subsidies to the accounts of these workers.
Hasn't welfare hurt African-Americans enough? Blacks don't need welfare. Blacks need ownership, independence and freedom. We don't need more government. We need less.
The whole discussion about the Social Security crisis began because of the fiscal deficit of the system. Democrats' answer to a fiscal crisis is to create a new government spending program. And why are black Democrats at the head of the line?
Black-household wealth today remains around one-fourth the national average. The wealth gap between blacks and the rest of the nation persists. Yet the NAACP opposes policies and reforms, such as personal retirement accounts, that could help blacks catch up.
The NAACP was once at the vanguard of the civil-rights movement. That movement began because blacks wanted freedom. Yet blacks hear today from their leaders that they are incapable of being free, that they are incapable of taking care of themselves and their families, and that staying on the government dole is the only answer for them.
The prize blacks should have their eye on today is freedom, ownership and independence. If the NAACP can't provide the leadership toward these goals, we should find new leadership.