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Reply #51: The Greenspan Commission of 1983 HIKED Social Security taxes to pre-fund [View All]

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Vitruvius Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-13-04 03:22 PM
Response to Reply #40
51. The Greenspan Commission of 1983 HIKED Social Security taxes to pre-fund
Edited on Fri Feb-13-04 03:54 PM by Vitruvius
the boomers' retirement. He and his right-wing buddies saddled us with the highest Social Security taxes in history and raised our retirement age -- all to accumulate a Social Security Trust fund surplus that would peak at $6 trillion dollars and pre-fund the Boomers' retirement.

Then -- under Reagan -- Greenspan supported the Reagan tax cuts for the rich which squandered over a trillion of the surplus WE paid for. The surplus that Greenspan and his VRWC buddies FORCED us to pay for.

Then -- under Bu$h -- Greenspan supported the Bu$h tax cuts for the rich. Tax cuts which reputable economists repeatedly warned amounted to giving the rest of the peoples' Social Security Trust Fund surplus to the rich.

And now Greenspan the double-crossing SWINE wants to make the Bu$h tax cuts permanent and GUT Social Security to pay for it.

To summarize: First Greenspan and the Rethugs forced us to pay-and-pay-and-pay to fund a $6 trillion dollar Social Security surplus; then they immediately stole $1 trillion under Reagan, now they're stealing the rest under Bu$h.

And it's dog-food for us in our old age if they get their way. All so the Rethug rich can get richer by stealing what we paid in FICA all those years.

The bottom line: Greenspan rammed thru his Social Security tax hikes so he and his fellow Rethugs could steal the money for themselves. Via tax cuts for the rich, pork-barrel contracts for Halliburton, GE, and the like, etc...

If there ever is a revolution, I hope to see every last one of those Rethugnican thieves and their spoiled-rotten families sentenced to prison for life -- eating the same dogfood they think we should eat in our old age.
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