Monday, December 27, 2004
The Royal Scam
Social Security is the most successful social program in this country’s history.
Social Security protects the retired, elderly, and disabled from slipping into poverty, and hence benefits all Americans.
Social Security is a transfer of retirement income from one generation to the next; it is a covenant rooted in decency, responsibility, and community—Christian values all.
Social Security, under its present structure, will remain solvent until 2042, at which point it would pay out 80 percent benefits. The remaining 20 percent will be covered by income tax revenues beginning in 2018.
Social Security would remain solvent indefinitely if Bush and the Republicans reduced by 3 percent their massive tax breaks to the obscenely rich.
Or stopped giving billions of your dollars to the Halliburton/Iraq sinkhole of death and terrorist creation.
Or discontinued the multi-trillion dollar program to militarize space (does terrorism emanate from space?).
Or stopped raiding the Social Security trust fund to pay for a war they told us would be paid for out of Iraq oil revenues (payments to begin immediately following the location of weapons of mass destruction and cleanup of all the flowers and candy showered upon our troops by grateful Iraqis).
The privatization of Social Security is a handout to Wall Street banking interests, who a) finance Republicans, b) could give a rat’s ass about you or your grandmother, c) will receive trillions of dollars in fund management fees.
Knowledgeable and reputable economists (i.e., those not on BushCo’s payroll) agree that privatization would not increase retirement income and would only add risk.
So
When Bush tells you that Social Security is in crisis,
Remember this important fact:
He is a fucking liar
Please read.