The White House said on Monday it would borrow money to help pay for adding personal retirement accounts to Social Security, after ruling out tax increases to finance a transition experts say could cost $1 trillion to $2 trillion over 10 years.
Of COURSE Bush wants to finance the rape of Social Security by borrowing instead of raising taxes. Bush thinks that the Middle Class and the Working Class should have to pay for everything, while his wealthy cronies are subsidized and get a free ride.
Don't think for a second that any of this crap is for the purpose of benefitting you or me. EVERY economic policy that Bush favors benefits one group only: his group.
The giant corporations stand to reap a BUNDLE by privatizing Social Security. There is a LOT of money there, and they want it, and they will have it ALL invested in their corporations. They are going to make out like bandits if this goes through.
And, while the corporations will receive a windfall should Social Security be Corporatized, Bush doesn't think that those corporations should actually be the ones to pay for the transition. There will be no tax hike on the wealthy to institute a program that is entirely for the enrichment of the wealthy. They will just pile up mountains and mountains of debt, and let OTHER people pay for it.
Our grandkids will have to pay for their own screwing.
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