Monday, January 10, 2005

Social security

Well, I've been fairly skeptical that social security will even exist by the time I retire, so why should I care one way or another about privatization? Well, the more I read, the more I think that this "crisis" is another deception. Today's Talking Points Memo points out that the social security shortfall over the next 75 years will be $3.7 trillion (Yikes!) But when you compare that to the $8.1 trillion that the new medicare drug plan will cost over the next 75 years, and the $11.6 trillion that Bush's tax cuts will cost over the next 75 years, it starts to seem like social security isn't the program to worry about...

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