The challenges we face over the next several decades aren't really Social Security problems but national indebtedness problems, though the issues are clearly related.
One obvious and immediate way to relieve long-term pressures on Social Security financing is to reduce the national debt ... by ending our habit of running huge annual deficits or even better by paying down some of our accumulated debt (there are complicated macro-economic questions related to this second point; but in general it's correct.)
But what has President Bush done? He's presided over the biggest fiscal turnaround in American history, taking the country from modest annual surpluses to the biggest deficits -- at least in non-adjusted dollar terms -- in American history. And that's only one reason why you can make a decent argument that President Bush has done more than any other president and perhaps any other single American ever to endanger Social Security's future.
Across the board, it's just one big scam.
The guy who's the biggest threat to Social Security says he wants to 'save' it by abolishing the program and replacing it with private accounts.
Sunday, January 02, 2005
Posted by Grey Matter at 10:15 PM