May 05, 2005

Selling Out The Future

From David Broder's column this morning:
What does the budget do for Social Security? It transfers the roughly $150 billion "surplus" in Social Security taxes over this year's Social Security payments to help pay the bills for this year's government spending and to finance the additional $106 billion in tax cuts the president wants to hand out.
Congress has, in effect, taken out a mortgage that it has no intention of paying down on one of our most crucial, effective programs. But that, I guess, is what "reformers" want to see anyway.


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