The Better Deal Swill
- We should not forget that over the past four years, Congress and the president have cooperated to produce a 30-percent increase in spending, including a 36-percent increase in non-defense spending.
- Although we should not obsess over the deficit per se, we should read it for what it is: a glaring sign that this administration is doing a very poor job with our money.
And now, G.W. proposes revamping the Social Security System. And no, it is not to lay his hands on the Social Security Trust Fund, because it is empty, but to eliminate the responsibility of ever having to repay it. It is an autocratic debt pardon to himself and the republican party. Isn't a cost of roughly $750 billion, according to an administration official to put the program into place, worth ever having to worry about coming up with 5.7 trillion to sustain the retirees between 2018 and 2041 when the Trust Fund money would kick in, if it was ever available? However, if Peter R. Orszag is right in his estimates: the program would cost the government over $1 trillion in the first 10 years the accounts were in place would be over $1 trillion and more than $3.5 trillion in the second 10 years, the administration only transfers the fiscal problem from empty into hollow, creating a veneer of remedying an ailment it is largely responsible for in the first place.