5.03.2005

Social Security: Time to Leave the Table

EJ Dionne nails it. Selected paragraphs:
There is a name for those who continue to sit at a gambling table even after they learn that the game is fixed. They are called fools.
...
Bush has refused to put his own tax cuts on the table as part of a Social Security fix. Repealing Bush's tax cuts for those earning more than $350,000 a year could cover all or most of the 75-year Social Security shortfall....

But Bush is resolute about protecting the interests of the truly rich by making sure that any taxes on wealth are ruled out of the game from the beginning. The Social Security cuts he is proposing for the wealthy are a pittance compared with the benefits they get from his tax cuts. The president is keeping his eye on what really matters to him.
The whole OpEd here.

UPDATE: A similar but more detailed OpEd addressing the middle class here.

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