Sunday, January 09, 2005

It's another big Bush scam. There is NO Social Security crisis, except that Bush is gunning for it.

The Social Security program has built-in self-protection, and that self-protection has been working just fine. In fact, over the past 20 years, the date in the future that the program can no longer pay promised benefits has actually been pushing further and further out into the future, just as it was designed to do.

What is not built into Social Security, however, is self-defense against those who would deliberately weaken it through legislation. Republican planners have wanted since its inception to get rid of Social Security. Now they are trying to exploit their stranglehold on all government mechanisms to do exactly that, over a period of time, of course, because the general public would not allow the tinkering if they fully understood.

Bush's initial proposals would drastically cut future benefits of the now younger work force while dishing out hundreds of billions in fees to his Wall Street pals.

Add to this the fact that the transition cost would be $1 to $2 trillion, which would have to be borrowed, thus further burdening our national debt and risking further economic consequences as a result of that burgeoning debt.

Just as it did leading up to the Iraq War, the right wing propaganda machine is working overtime lying about a crisis that doesn't exist, the need to fix a successful program that is not broken, all to force their aggressive and stingy agenda down working peoples throats. How many times will this gullible American public let Bush and his spendthrift gang of rampaging radicals sucker us into expensive ventures that hurt everyone except the rich?

For more, read this Newsday article.