It's blogrolling, but
Talking Points Memo: by Joshua Micah Marshall has been on top of the whole Social Security story, to the extent that I wonder if he'll be able to go to any other story once the fight in done.
Still, it's just fascinating to see him dissect the techniques being used by Bush to treat Social Security the same way he treated Iraq...manufacturing a crisis, claiming that he isn't planning anything (just like how Bush kept saying he had no war plans on his desk for Iraq in January of 2003), and now is lying about the problem.
The lie that I think should upset us the most is that Bush says that there is no Social Secrity trust fund...and that all that backs it up in a bunch of IOUs. He forgets that those IOUs are TREASURY BONDS, which are considered the safest investment of all time. Does that means that he's planning on wiping out the debt they finance by just saying that they are IOUs and don't need to be honored?
It's going to be one hell of a fight. Old people vs investment houses, Republicans vs everyone else...and the solvency of the US is being called into question by the President.
So, I'm going to keep reading Mr. Marshall so that I know just what the hell is going on.
0 Comments:
Post a Comment
<< Home