Thursday, February 17, 2005

More on Social Security and the Non-Crisis
posted by Ben

Thank goodness for the folks over at the new Think Progress blog, who posted this doozy today:
The White House claims that preserving Social Security in its current form “is unaffordable.” Yesterday, Alan Greenspan told the Senate Banking Committee that it would cost $3.7 trillion to preserve Social Security in its current form for 75 years. (Keep in mind, there is no shortfall what-so-ever until at least 2042). Let’s put that number in perspective:

75-year cost of the President’s prescription drug bill: $8.1 trillion

75-year cost of the President’s 2001 and 2003 tax cuts, if made permanent: $11.1 trillion

75-year cost of the President’s tax cuts to the top 1%, if made permanent: $2.9 trillion
So if the president didn't give those tax cuts to the top 1% of the American population, there would be no Social Security 'crisis'? Anybody see a pattern yet?

The more you starve the government, the more you get to cut programs that you don't want, all in the name of what's necessary for the budget. The problem isn't with the programs: it's with our spend-and-cut president and his corporate buddies in the drugs and arms sectors.