New Yor k Times editorial this morning....

[whistle]

<snip>

What Does Alan Greenspan Want?

It was inevitable that Alan Greenspan would make news when he testified before the Senate Banking Committee on Wednesday that he supported private accounts in Social Security. "So if you're going to move to private accounts, which I approve of," he said, "I think you have to do it in a cautious, gradual way."

But Mr. Greenspan said so much more that, by any measure of logical consistency, could hardly be read as approval.

<snip>

When Mr. Greenspan ventured into politics in 2001, he gave his blessing for Mr. Bush's huge tax cuts. Today, thanks in part to those tax cuts, the surplus Mr. Bush inherited is a $412 billion budget deficit, and the president's own budget proposal projects deficits as far as the eye can see. If Mr. Greenspan really wants to increase national savings, he should advocate cutting the deficit. If he really wants to close the gap in Social Security, he should not shy away from prudent tax increases. And if he wants to keep the financial markets calm, he should disapprove of enormous borrowing.
<more>
<link> http://www.nytimes.com/2005/02/18/opinion/18fri1.html?th

[GOPBasher]

1. Greenspan is shameless.

If he was consistent, he would disapprove of *ANYTHING* that increases the debt, whether it's conservative or liberal, right wing or left wing. That means he would oppose new spending on domestic social programs, like we liberals want, but would also oppose the gigantic tax cuts and the $300 billion we've spent in Iraq.

[flpoljunkie]

2. Thanks, whistle. Every worker should read this, esp. this section...

Speaking of Mr. Bush, he said, "I gather what he has in mind is that the amounts that go into the private accounts are offset, after discount, with benefits that would have been paid with those monies in the Social Security system." That's Greenspan-ese for this: "Every dollar you put into a private account, plus interest, would be subtracted from your traditional Social Security benefit."

___________

Very few people understand how "private" accounts would work. Greenspan is despicable for giving his tacit support to the latest Bush administration scam of taxpayers.

[whistle]

3. Yes, we need a lookup table on the web to do a compariative...

..clacualtion of the present Social Security benefit package to Bush's proposal plus any other proposal that is put on the table. It has to work though, because the Scchumer site that another DUer posted did not work correctly.

Anyone know of such a site on the web?