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Politics : Impeach George W. Bush
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To: Neocon who wrote (17049)11/21/2002 1:23:03 AM
From: Steve Dietrich  Read Replies (1) of 93284
 
When Bush was promoting his tax cut he repeatedly said that we had a 5.6 trillion dollar surplus projected over the next 10 years.

But half of that projected surplus was due to SS surpluses. Still he used them to justify a cut not in payroll taxes but in income and estate taxes.

That's appropriation.

In the Presidential Commission on Social Security's preliminary report they declared that SS was in trouble in 2006, as soon as SS would begin to rely on the interest and principal from the Treasury notes they hold. That report was endorsed by the administration. They explained that that money "isn't really there."

If that money can't be counted on, if the SS surpluses are used to justify and ultimately finance (as we are now running deficits) cuts in income and estate taxes, isn't the word "appropriate" appropriate?

Steve
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