Saturday, December 11, 2004

Social Security Pillaging

I direct you to friend of the blog Reductio's post on Boring Diatribe concerning social security pillaging, er, reform.

My thoughts:

The big lie, or rather, the latest in a parade of untruths that this administration has fed us, is that social security is on the verge of bankruptcy. Bush said exactly that today:

"The system is headed towards bankruptcy down the road...If we do not act soon, Social Security will not be there for our children and grandchildren."

There is definitely a problem with baby boomers, but that is relatively easy to fix. And it's not like you couldn't assign social security costs/benefits against general revenues. It's already done when the rest of the government "borrows" against the social security "trust fund".

North Argentina indeed.

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