Thursday, March 10, 2005

economically irresponsible

The Bush administration is the first in 70 years to oversee a net loss of private sector jobs, according to Paul Craig Roberts, of all people, Assistant Secretary of the Treasure in the Reagan administration.

Now about all that Social Insecurity bull.

In his first State of the Union address (February 27, 2001), W Bush promised to protect “all $2.6 trillion of the Social Security surplus for Social Security, and for Social Security alone" to maintain the Social Security trust fund.

Now he says, "Every dime that goes in from payroll taxes is spent. It's spent on retirees, and if there's excess, it's spent on government programs.” “There is no trust."

No trust is right. The money is disappeared because the government has been spending it on war and other hobbies.

But all we really need to do to fix it is tax the rich.