Saturday, February 5

MAKING THE WORLD SAFE FOR BUSH'S TAX CUTS

E.J. Dionne on our lying, greedy scumbag of a Resident:

The president insisted that "our children's retirement security is more important than partisan politics." Well, yes. But if the president were genuinely interested in a bipartisan compromise, he would put everything on the table -- including his own tax cuts that have added to the budget deficit. Consider that the cost of making Bush's tax cuts permanent is roughly three times the size of the Social Security shortfall over the next 75 years. Rolling back Bush's tax cuts just for those Americans who earn more than $350,000 a year would come close to covering the shortfall, according to the Center on Budget and Policy Priorities. It noted that the Congressional Budget Office's more modest estimates of the shortfall suggest that rolling back the tax cut for those high earners would more than cover the entire problem.

If President Bush believed that the Social Security situation were as dire as he says it is, wouldn't he be willing to revisit a part -- hey, a smidgen -- of his own tax cut? If he is not willing to do that, could it be that he doesn't really believe that the Social Security problem is as bad as he says it is? Are we to cut Social Security, create these private accounts and go further into debt just to make the world safe for all of Bush's tax cuts?

0 Comments:

Post a Comment

<< Home