Thursday, February 10, 2005

Trust Fund

A couple of good posts today about the president's bizarre remarks regarding the Social Security trust fund:

Kevin Drum

Josh Marshall and here and here

Matthew Yglesias

The bottom line is that the trust fund is a moral and legal bond between those of us who have paid higher payroll taxes since 1983, and the wealthier people who will have to pay higher taxes (starting in 2019) for the bonds purchased by the trust fund to be paid. If, as it appears, the Bushies are trying to get out of meeting the obligations of those bonds, that's an impeachable offense (the Constitution requires that the president honor the nation's debts).


Post a Comment

<< Home