Friday, December 03, 2004

Empty Promise?!

You can have HUGE war-time tax cuts, you can have HUGE expensive wars without an end in sight, you can have HUGE farm bills, tax overhauls and the like, but this administration won't let you have the "free lunch" of full Social Security benefits.
    "Let me state clearly that there are no free lunches here," said N. Gregory Mankiw, chairman of the Council of Economic Advisers, at a conference on tax policy here.

    "The benefits now scheduled for future generations under current law are not sustainable given the projected path of payroll tax revenue," he added. "They are empty promises."
Bush thinks Social Security is an empty promise so why save/mend it?

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