Thursday, October 14, 2004

The Third Debate --- Social Security

Bush all but admitted that he would raise taxes (or seek revenue enhancements, benefit cuts, or whatever euphemism will be used) to cover the gaps that will be created when Bush shifts social security over to an "ownership system." Who gets this money, which will promptly go into a deep hole never to be seen or heard from again --- fund managers. The kinds of people who looted the savings and loan system during Daddy's administration (a crime so big, and so impossible to get your arms around, that they basically got away with it) will be back for a second meal of eating your social security money. That's the rationale, that is the only rationale for a Republican restructuring the Social Security system. Do not trust these people with your money. Vote Democratic.