1/24/2005 10:56:00 PM | Justin In a flash of lucidity, Bush explains the social security crisis (which is "NOW"!)
Bush on social security, to the Wall Street Journal:
That’s part of—that’s part of the advice my new National Economic Council head I think Slater in Dazed and Confused could have explained it better. Worse, earlier he said that the social security crisis was "now" (link). But according to his own projections, SS won't be in deficit until 2042 (and the CBO projects a deficit to be even further off). I would think Republican would be up in arms at the idea of borrowing trillions of dollars to invest it in the stock market. Didn't the 2000 crash teach people anything? The economist makes a good point about medicare being a much larger crisis than social security. The Prescription Drug Benefit worsened that crisis. Why is Bush trying to fix SS and not medicare then? perma link |
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