Reply #4: Precisely Watson ! This was the M.O. during Reagan's '81 Tax Cut [View All]

[EVDebs]

and subsequent 'Social Security circus, opps, Crisis'. After the 1981 tax cuts for the wealthy then the playbook says you scare the people and then create a Social Security fund, whose I.O.Us are treasury bond --the safest investment vehicle on earth, backed by the US Taxpayer...that it, the lower and middle class US Taxpayer, not the wealthiest 1 and 1/2% of course, nor globalized corporations.

You then stealthily increase taxes from 1982 through 1993 to pay for government by accessing the surplus in SS's trust fund, all the while knowing that the wealthiest will have to help in paying it back if this is to be done EQUITABLY. But Bush & co. have no such plan to pay back equitably !

Benefits will, by necessity, have to be cut in order to do Bush's plan without tax increases (mainly to the wealthiest 1 and 1/2 %).

It is well known that simply by raising payroll tax's CAP from $90,000 to $120,000 that Social Security is solvent and the problem is solved. But that would mean 'harming' Bush's Base...