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SOCIAL SECURITY SMOKE CLOUD
Bush's pet project, private accounts for Social Security, is the most volatile, most expensive, and least effective of the many possible solutions to keep Social Security solvent in the long term.
See my thoughts on New Patriot.
February 3, 2005 at 05:29 AM in Current Affairs | Permalink
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» Social Security Smoke Cloud from New Patriot
We're not going to let them cram this through without a fight. Diverting payroll taxes to market-based accounts is the most volatile, most expensive, and least effective of the many possible solutions to keep Social Security solvent in the long term.... [Read More]
Tracked on Feb 3, 2005 5:32:19 AM
Comments
The 2 things that boggle my mind the most about this whole Social
Security "plan" of his is that (1)he absolutely does not even recognize the
issue of high-income people not pulling their weight (they stop paying
into the system on any income above $90,000 or some amount similar to
that) and (2) he will not means-test recipients of benefits.
It's just the same old same old, making the low-income and middle class
people pay and giving free rides to the rich in the name of trickle-down
economics.
The majority of the Middle-Americans that support him are the ones who
are paying the whole price. It's totally illogical!
Posted by: OurTrinitoneBlast at Feb 3, 2005 1:25:46 PM
