Reply #27: Bush Proposal Would Kill Social Security [View All]

The plan is a train wreck waiting to happen. Social Security will be fully funded until the middle of this century, but the Bush plan will destroy it well before then. Read Paul Krugman's editorials about the Bush plan in this week's New York Times. Also look at AARP's categorical opposition to the plan.

The Bush SS plan would also severely hurt an already gravely wounded U.S. economy. Just to initially fund the program, the U.S. Govt. would have to borrow on the order of a TRILLION dollars! This will only add to our already burgeoning deficit and make us seem even more fiscally irresponsible and out of control to the rest of the world.

Although Bushco believes that world opinion and "global tests" should never control the actions of the U.S., this attitude just won't wash where extreme debt is concerned. Foreigners currently finance our govt. by buying U.S. treasuries, etc., and it is their current opinion on our currency that is helping to drive down the dollar, increase interest rates and increase gas prices (our biggest import).

So-- here's the future with the Bush Social Security program-- aged baby boomers with names like Heather and Chad sharing a cat food dinner in their cardboard tent (they long ago lost their house) by the light of the worthless dollar bills burning in their camp-stove.

Very sad. I'll take the current program, thank you.