Bush White House Ratchets up Social Security Scare Tactics…
Writing by on Tuesday, 18 of January , 2005 at 7:11 pm
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In True Bush Faison, Let us create a crisis where there is none.
WASHINGTON (Reuters) - A top White House economic adviser charged on Tuesday that anyone who opposes Bush administration plans to overhaul Social Security was being willfully ignorant about problems with the current system.
In prepared remarks for the prestigious Council on Foreign Relations, the chairman of the Council of Economic Advisers, Gregory Mankiw, said “the sophistry of those opposed to reform” should be avoided because it masks real problems with the retirement program .
“Reasonable people can debate what kinds of reforms are best, but don’t let the ‘Ostrich Caucus’ convince you to put your head in the sand,” Mankiw said.
President Bush says changing the Social Security system, including new private savings accounts, is a priority for his second term. But Democrats and many private economists insist Social Security is not in as serious trouble as the White House alleges and claim the administration is trying to scare Americans about its condition.
Mankiw said Bush was “committed to acting now” and said that, although the White House hasn’t decided yet what it wants to advocate on Social Security, people should be wary of comparing a reformed system with current law.
“The benefits now scheduled for future generations under current law are not sustainable given the projected path of payroll tax revenue,” Mankiw said. “They are empty promises. Unless a listener is discerning, empty promises will always have a superficial appeal.”
He suggested that, unless the Bush administration’s call for some type of unspecified reforms was accepted, “the United States will face little choice but vastly higher taxes” and reduced economic growth in future.
Jesus, the King is going to do his best to crame this down us, reguardless of if it is right.
For the love of all things that are great about America, please click here and tell your congress person NO!
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