August 30, 2004

by Reb Yudel
Bush urged to cut social security to pay for tax cuts

Greenspan-Aged Population to Hit Finances is the headline, but come on now. Didn't Greenspan have the same actuarial charts when he was urging the Bush tax cuts?

But Greenspan, like his fellow paleocons, have all along thought Roosevelt a knave -- if not a Jew or a communist -- for implementing social security and the New Deal. So first cut taxes for the rich and now:

"If we have promised more than our economy has the ability to deliver to retirees without unduly diminishing real income gains of workers, as I fear we may have, we must recalibrate our public programs so that pending retirees have time to adjust through other channels."