Graham Says Raising Taxes Won't Save Social Security
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The so-called Social Security trust fund is empty. Today there is not a nickel of cash in it. It's all been borrowed out. In the account sits an I.O.U.. Right now, checks are cut from the present tax revenue stream. All the Democrats in Congress squealed like hogs when privatization was proposed. 'Too risky' they said. But think: If the market dropped by half, at least you would have half left. Right now, we have NOTHING. All your cash has been spent, and YOU have to replace it all!
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I think the senior Bush also said "no new taxes", he was a liar too. Graham is a far bigger liar.
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I love Tom Daschle, "The more he talks, the less certain we are about any of the positions he's taken."
Amein to that!
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You certainly can't tax cut your way into solvency. We've seen how well that has worked for the last few years. Solvency is right around the corner. Right? Oh wait, I forgot, it's massive deficits. That's right.
sharshur 3 years ago 3