In his never-ending quest to enricher the rich, at the expense of the poor, Bush has again turned his back on the truth.
“If you're 20 years old, in your mid-20s, and you're beginning to work, I want you to think about a Social Security system that will be flat bust, bankrupt, unless the United States Congress has got the willingness to act now,” he said Tuesday at a forum on Social Security. The stark choice of words was hardly a slip of the tongue – Bush used the word “bankrupt” five times in the 45-minute session.
He also warned of a potentially “bankrupt” system in a radio address last month, referring to demographic changes that signal a “looming danger.”
“In the year 2018, for the first time ever, Social Security will pay out more in benefits than the government collects in payroll taxes,” Bush said.
"That is just plain wrong. In 14 of the past 47 years, including 1975 to 1983, Social Security paid out more in benefits than the government collected in payroll, with the gap reaching $10 billion in 1983. So the projected “crossover” point in 2018 is a relatively meaningless milestone, say opponents of Bush’s privatization plans, even as they acknowledge the system faces long-term problems."
Arf
Member of Greenspan Commission - Bush lying. (Bowser - he's lying again)
