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February 27, 2005

Bush: Wrong in 1978, Wrong Today

As the New York Times details today, Bush's social security plan is about long-held ideology, not analysis of the situation today. When Bush first ran for Congress in 1978, he was pushing the same idea:

Social Security "will be bust in 10 years unless there are some changes," [Bush] said, according to an account published the next day in The Midland Reporter-Telegram. "The ideal solution would be for Social Security to be made sound and people given the chance to invest the money the way they feel."
Well, 26 years later Social Security is in fine shape, yet Bush is still pushing his "bust" scare tactics. Nothing illustrates why Bush should not be taken seriously than this anecdote.

Posted by Nathan at February 27, 2005 08:53 AM