Republicans Offer Plan To Tie Their Own Hands

House Republicans today coughed up a hairball of a Social Security proposal, creating government managed "private" accounts out of the social security surplus. Social Security is forecast to stop running surpluses around 2016.

Check this out:

Still, Republicans hope the new proposal will shift the debate away from future benefit cuts, as Bush envisions, to ending what they call the "raid" on the current Social Security surplus. But the plan, unlike Bush's, would do nothing to remedy the New Deal-era program's long-term fiscal problems.

Hmm... a "raid" on Social Security, you say? Congress would do that, right? Congress has the power of the purse, so Congress would be raiding Social Security. And who runs Congress again? Which party would that be?

The farce continues...

Posted by shamanic at June 23, 2005 01:09 PM | TrackBack