Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

There is a real "crisis" in Bush fiscal policy - not with Social Security

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU
 
kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-09-05 09:30 AM
Original message
There is a real "crisis" in Bush fiscal policy - not with Social Security
Let's tell it like it is. Bush policies have gotten us into one helluva fiscal "crisis". It is ironic that the Senate and House are about to pass a bankruptcy bill to protect the big banks and CC companies over the common folks - the working and middle class - when it should be the other way around. We need protection from the Big Banks and Credit card companies.

Lest we forget, when the present regime came to power, they had a working surplus of over $250 billion to work with and a predicted $5 trillion surplus in the future. In four short years, they managed to squander the working surplus and put us into record debt and deficits. The only thing that is keeping the deficits from becoming totally uncontrollable is the Social Security trust fund. This year, the SS fund has brought in $180 billion dollars more than it has paid out. That's billions with a "B"! If not for that, the deficit would be nearing $600 billion per year and would no doubt give pause to foreign buyers of our notes.

The Repubs are preaching "private accounts" to help save Social Security. It is insane because it only takes funds out of Social Security that is supposed to be there for retirees down the road. What is more insane is that so many people are buying into the scam.

Social Security is not in a "crisis". But the Bush fiscal policies are in a "crisis". They have cut taxes for the wealthy, at the same time they have raised defense spending to record highs as they fight one war after another. And they want to make their taxcuts permanent. The only consolation we can see is that when they drown the government in the bathtub, Republicans also will be sucked down the drain.
Printer Friendly | Permalink |  | Top
oneighty Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-09-05 09:41 AM
Response to Original message
1. "Republicans also will be sucked down the drain."
Death and poverty; the equalizers. Nobody will escape.

180
Printer Friendly | Permalink |  | Top
 
kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-09-05 10:04 AM
Response to Reply #1
2. For some reason, they think they will escape....
But a hard rain's a gonna fall....I think.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Sat May 04th 2024, 02:32 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC