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

Sunday, January 09, 2005

Crisis?

posted by Jazz at 1/09/2005 09:49:00 AM

NOTE: YOU ARE VIEWING AN ARCHIVED POST AT RUNNING SCARED'S OLD BLOG. PLEASE VISIT THE NEW BLOG HERE.

Considering how fully he has been covering this scam over at Middle Earth Journal, Ron will be pleased to see a politician standing up and proclaiming that the Bush-created sense of "crisis" in the Social Security system is a phony. And I'm pleased to say that he's from my home state of New York. A few words from Chuck Rangel (D-NY).

"The facts prove that there is no imminent crisis with Social Security. The nonpartisan Congressional Budget Office says Social Security can pay full benefits for nearly 50 years," Rangel said in the Democratic weekly radio address.

Rangel, senior Democrat on the House Ways and Means Committee, invoked the memory of the late California Rep. Bob Matsui, his party's former top member on the Social Security subcommittee, in disputing White House arguments that the system needs an overhaul to stay healthy.

The article goes on with a fair bit more information on how the Bush administration has distorted this issue beyond all recognition, but a lot of the material has already been covered here. Still worth a look, though.