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"Losing my faith in humanity ... one neocon at a time."

Monday, December 13, 2004

Social Security, even conservatives see through the lies.

posted by Ron Beasley at 12/13/2004 04:47:00 PM


From conservative Joe Scarborough. Congressional memo to future generations: You're screwed
Take it from a not-so-old former congressman who knows: Proud young Americans, you are in for a con job from Washington that you can't even imagine.

Your government has already borrowed almost $8 trillion that it can't pay back. Guess who will have to write the check? That's right. You.

Expect massive tax hikes in your future, and wicked cuts in national defense, education, environmental enforcement, police protection and medical care for the poor and elderly.
You see, they've got this really cool plan to privatize parts of Social Security that usually make free market conservatives like myself giddy. We start talking about the invisible hand and the power of market forces.

Only problem is that this plan to get government off our backs costs a cool $2 trillion in transition fees.

And-- let me see if you are following me here-- who pays for that?

That's right. YOU!

But that's not the biggest problem with this $2 trillion Social Security plan. What bothers me the most is the fact that everybody in Washington knows that allowing Americans to invest parts of their Social Security payments in the stock market will produce some winners. But capitalism also always produces losers, and we all know that there will be millions of Americans who will make stupid investments in the coming years. (See Enron, etoys,, Worldcom)

So what will happen when they retire and start complaining to their local congressman and TV camera crews about how they're about to be thrown out in the streets because of the dumb investments they made with their Social Security payments years ago?

Congress will pass the "Save Our Stupid Seniors Investment Relief Act of 2025," thereby guaranteeing that all Americans will have all Social Security payments restored in full.

That will require that you take your third job in the Chinese high tech factory just so you can pay even more taxes to Washington.

It's a bright future, brought to you by a gang in Washington who really couldn't care less about what happens to the world they pass on to their children and grandchildren.

How do I know this? Because I was in Congress long enough to learn that you judge politicians by their actions, not their words.
And then Joe does something conservatives don't do very often, he sends you over to read Paul Krugman. He doesn't mention that it's not Social Security that's broken but at least he realizes that Bush doesn't have a plan to fix it.