Friday, December 17, 2004

So-Called "Social Security Crisis"

Kevin Drum at Political Animal has something to say about the "social security crisis":
Nothing is going bankrupt, benefits will continue to be paid forever, and future funding problems are both modest in size and not that hard to deal with.

Unfortunately, Bill Clinton, Al Gore, and now George Bush, each for their own reasons, have found it politically convenient to use Social Security as a useful bogeyman for scaring the public.
The fact of the matter is Geo. Bush's plan to "reform" social security is nothing but a scheme to borrow (more) money from our children so that his fat-cat buddies can play with it on Wall Street.

A grossly overstated problem whose solution just happens to enrich Bush's cronies -- gee, where have I seen that before?

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