Thursday, December 02, 2004

The greatest heist of the 21st Century continues 

Get a load of this:

Calling the current system of Social Security benefits unsustainable, a top economic adviser to President Bush on Thursday strongly implied that any overhaul of the system would have to include major cuts in guaranteed benefits for future retirees.

"Let me state clearly that there are no free lunches here," said N. Gregory Mankiw, chairman of the Council of Economic Advisers, at a conference on tax policy here.
(via NY Times)

Sure there are. For a generation, payroll taxes were raised precisely to keep the system solvent. Those funds were left in general revenues, and then Bush blew them on tax cuts for the super-rich.

That's outright theft.

So, if you're already rich, you do get a free lunch.

In fact, you get my lunch.

NOTE More here.

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