Monday, September 19, 2005

Why The Urgency About the Now Dead Social Security?

What has been discussed little about the now retired Social Security, is WHY? Why was Bush so urgent about it? Rushing around the country trying to bowbeat seniors into accepting a crappy second rate privatization scheme that he had to admit would offer them less in their retirement years? I think even a retarded snake-oil salesman would have come up with a better pitch than that. But he wouldn't stop, his push was relentless amid blank stares and public derision.

Well, there's a huge reason why. It has to do with the way the social security trust is used by the government since it was established. The gov't regularly dips into it, to offset it's own spending or debt, and then replenishes it with govenment income. That's okay, that's the way it's supposed to work. You use a credit card and you pay it off. It's one way our gov't can assure it runs continually, smoothly, particularly in times of difficulty and crisis.

Except, it suddenly hasn't been working in the last five years. Because Bush has blown the deficit so high with two wars and tax cuts that there is no way to replenish it under his current tax-cut sytem. New funds aren't coming in, and we're spending about $1 billion a day on our military ALONE. And to have to explain it would reveal the disasterous time bomb he's created in our own country, a fiscal collapse that will pull the safety net out from under every qualified senior, and blow the bank that has allowed the gov't to run smoothly time and time again.

Needless to say, they must have been a very concerned meeting at some point when they realized their mistake and the looming collapse. Unless they changed the social security system entirely. If it's privatized, they don't have to pay it back. They can keep running up the government credit cards and never have to look back, never be accountable until they're long out of office and others enter to clean up the mess, which no one will be able to.

The Agonist says it quite well:

"The Social Security Trust Fund actually lends money to the rest of the government in exchange for government bonds, which is how the system must work by law, but how do you later repay Social Security while you are running a huge deficit? It's impossible, without raising taxes sometime in the future or becoming fiscally responsible now. Social Security money is being used to escalate our deficit and, at the same time, mask a much larger government deficit, instead of paying down the national debt, which would be a proper use, to guarantee a future gain."

His whole post explaining it.

Do you see the depth of their selfishness? Their deceit? The values driven government that is so empty of basic moral value it's beyond mind-blowing?

Link

4 Comments:

Anonymous boni said...

Phil,
Your post is a mind-blowing wake-up call.
All along this administration has wanted to bankrupt the government until there are no more programs like Social Security and Medicare and Medicaid.
What they don't realize is the wealthy can't totally isolate themselves from the rest of us. No more than they can isolate all the evacuees from Katrina.
And where was the outcry when Bush abolished minimum wage rules for the rebuilding of New Orleans?
I guess it's ok for Halliburton to make billions. But it's not ok for the laborer to make a decent wage????
Did anyone see Clinton yesterday on This Week and Meet The Press. He's going out there and taking Bush to task. He's saying it's time to raise taxes. Because you know the Republicans are looking at chopping programs just to pay for Katrina. Where are the rest of the Democrats on this?

12:29 PM, September 19, 2005  
Blogger Philip Morton said...

Yes, where the hell are the Democrats? Where is the call to arms? Have they all been nuetered, or becoming convinced of the Rove brainwashing that this is a one party country?

1:48 PM, September 19, 2005  
Blogger United We Lay said...

I'm calling people o arms and no one gives a damn!

8:49 PM, September 19, 2005  
Blogger Philip Morton said...

I truly think people are slammed out of their numbness of comfort only when it hits them in the pocket book. Well, guess what, this year it hits us all in the pocket book. And where does the buck stop? George can't hide from this one. Can't shirk his duties and walk away anymore. Not with his entire support base clamoring for him to keep the majority they worked so hard to steal. Um...elect.

11:29 PM, September 19, 2005  

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