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True. And running around yelling “there’s a crisis, there’s a crisis” doesn’t mean there is one. I don’t even understand what Bush’s point is, unless it’s, as I suspect, hostility to government social programs.

There’s a “crisis” because outlays will soon exceed intakes? That’s only a crisis in the sense that the government will soon have to start paying back its loans from the fund. IF that’s a crisis, it has nothing to do with the technical solvency of Social Security, and Bush (and everyone else) better be honest about it.

IF there’s a crisis, creating private accounts does not solve it. It will likely accelerate the need for government borrowing, so that part of the crisis is made WORSE at the same time that the “security” aspect of the program is destroyed.

IF there’s a crisis because we can only pay 73% of scheduled benefits once the trust fund is exhausted, Bush’s last proposal to cut scheduled benefit increases for “high earners” doesn’t solve it–under that plan, most recipients would receive LESS THAN THE 73% they get if we do nothing.

So you tell me, what’s really going on? And keep in mind that GWB expressed an intent to privatize Social Security before he was ever President, and I’m sure it was long before he ever had any inkling about Social Security finances.

Running around with your hands over your ears and eyes, yelling “There is no crises”, is hardly a solution.

SS will only be in surplus for a few more years – maybe ten or so. (and that surplus is being spent, don’t forget)

From that point on – there will be less coming in each year than going out. Each year, the difference will grow. It will require several hundred billion dollars per year (of printed money) to make up the difference.

High inflation will be the end result. The old folks will still get the $$ but it won’t be worth very much. The COLA’s will be reformed so the SS payments don’t continue to rise along with inflation.

There really is no other answer to the “crisis”.

You know, Buckshot, that pretty well describes how we feel about the people who buy the entire Bush line of hoakum about grab what you can, keep all you grab, and lie your Buckshot off to the people below you.

You will deserve what you get – high taxes, high inflation, and low benefits.

The emperor is naked. Stop giving him compliments on his clothing.

At this point, I think we can only win if we continue to encourage them in these delusions. It’s the only way that that wide swath of Americans who are only slightly reality-based will finally figure out how out of touch these guys are.

Huh. Go figure.