Monday, January 10, 2005

The War on Social Security

Josh Marshall at Talking Points Memo is his usual incredible self on this issue. This is another of his great posts on the Bush war on Social Security.

"The Social Security Trustees estimate that over the next 75 years, the program faces a budget shortfall of $3.7 trillion...But how much will the president's Medicare drug benefit plan cost over the next 75 years?

$8.1 trillion, say the Trustees of that program.

And over the next 75 years how much will the president's 2001 and 2003 tax cuts cost if made permanent, as the president wants?

$11.6 trillion.

So you add that up and you get $3.7 trillion we need to cover Social Security's shortfall and $19.7 trillion we need just to cover the costs of the two major domestic policy initiatives of the president's first term.

And yet Social Security, says the president, is in crisis and destined to chew through the rest of the federal budget."

See how disingenuous Bush is? Argh! He must not get away with this con!!


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