Inventing a Crisis; aka bush is just LYING. Again. (SS)

[LynnTheDem]

Poor Chicken Little Georgie...Dubya's lie in 1978 about SS going bankrupt by 1988 if it wasn't privatized fell on deaf ears. Good thing for bush, as he was DEAD WRONG. Now he's trying again with the same lie.

http://www.bushfiles.com/bushfiles/midland.html

And it's quite the bushie FLIP-FLOP from 2002;

Social Security In The 2002 Elections:
Candidates Won By Renouncing Privatization

http://www.tompaine.com/feature.cfm/ID/6717

And a bushie FLIP-FLOP from 2001:

Commission Impossible:
Why Bush is abandoning Social Security reform

http://www.prospect.org/print-friendly/print/V12/22/confessore-n.html

Dr. Paul Krugman sure makes it easy even for stupid rightwingnuts to understand that in fact bush is just lying -again- when he says Social Security is in "looming danger".

"Privatizing Social Security - replacing the current system, in whole or in part, with personal investment accounts - won't do anything to strengthen the system's finances. If anything, it will make things worse. Nonetheless, the politics of privatization depend crucially on convincing the public that the system is in imminent danger of collapse, that we must destroy Social Security in order to save it.

Projections in a recent report by the Congressional Budget Office say that the trust fund will run out in 2052. The system won't become "bankrupt" at that point; even after the trust fund is gone, Social Security revenues will cover 81 percent of the promised benefits.

The report finds that extending the life of the trust fund into the 22nd century, with no change in benefits, would require additional revenues equal to only 0.54 percent of G.D.P. That's less than 3 percent of federal spending - less than we're currently spending in Iraq. And it's only about one-quarter of the revenue lost each year because of President Bush's tax cuts - roughly equal to the fraction of those cuts that goes to people with incomes over $500,000 a year.

http://www.nytimes.com/2004/12/07/opinion/07krugman.html

Follow the money; who gets rich with bush's lying scheme? Not us. Gee what a surprise.

Report Predicts Deep Benefit Cuts Under Bush Social Security Plan

http://www.nytimes.com/2002/06/19/politics/19SOCI.html?ex=1103086800&en=02fd1e95887df5be&ei=5070&oref=login&pagewanted=print&position=top

And to bush, "SECURITY" is synonymous with Borrow, Speculate and Hope

http://www.nytimes.com/2004/12/10/opinion/10krugman.html?n=Top%2fOpinion%2fEditorials%20and%20Op%2dEd%2fOp%2dEd%2fColumnists

So who DOES PROFIT from bush's insane plan? Wall Street, of course! What...did you think multi-millionaire "I don't understand how the poor think" bush actually gives a shit about We the People??? OH GROW UP!

"Oh, it's just another, another bushel of money. The money that's been on the sidelines in the bonds. The money that's in Social Security. Again, I think you will see a certain privatization happen. And again, it's an avalanche of money and there's just so much money on the sidelines. That's why the market has been so strong for months now."

http://atrios.blogspot.com/2004_12_05_atrios_archive.html#110268339411219288