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February 26, 2004

Thank you Alan Greenspan

Alan Greenspan, in calling for cuts in Social Security benefits, has done the nation a great favor.

Bush has continued to call for making his tax cuts permanent, while pretending this won't mean large cuts in entitlement programs down the line.

Greenspan, on the other hand, has argued persuasively that, absent tax increases, significant cutbacks in social security benefits are necessary.

So we should all be grateful to Greenspan for illustrating the basic reality:

Bush Tax Cuts = Cutting Benefits for Social Security

Thanks Alan for making our point.

Posted by Nathan at February 26, 2004 05:25 AM