Friday, September 19, 2008
Social Security, Busted Flat in B'an Rouge Waiting For A Train
It has been said but bears repeating over and over and over to our rightie friends on the streets and in their cubicles: If we had privatized social security the way that McCain and Bush wanted, fully 25% of the Social Security fund would be gone as of today. And we've got no idea what crisis tomorrow will bring.
It must be the republican efficiency brought to us by the first MBA preznit: He told us Social Security would be busted by 2018. (Others said 2042, making the republicans even more remarkable!) If they had their way they'd have hit that mark a full ten years earlier.
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6 comments:
That's unfair! If the Republicans had privatized Social Security, America's would still be safe and sound. Remember, a Republican's IOU is as sound as a post-dated check from a traveling salesman!
Bush conservatives, which McCain definitely is now, have replaced the old capitalist ideas of working to produce goods, expand markets and create wealth with this weird model of capitalism as gambling and cheating.
Mathman mentioned to me the other day that he remembers when a 6% return on investments was considered normal. When we got to the point where double digit growth was expected and demanded, the Wall Street hotshots did whatever they had to do to make it happen. Hook, crook, cooked books.....
He's lookin' near as faded as his genes.
Comrade: best reply evah.
I blame Fannie Mae.
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