Friday, April 29, 2005

Bush's Social Security: Privatization & Benefit Cuts

Yesterday the President endorsed an explicit plan for cutting Social Security benefits. He has thus linked his own privatization plans (which, on their own, do nothing to solve the so-called "funding crisis") with real-life benefit cuts (which help with financing, obviously, but at the cost of gutting the "security" part of the program) for the first time.

Thus does his master plan for preserving Social Security move forward apace.

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