Cheney: Social Security Plan to Cost Trillions

[papau]

http://www.washingtonpost.com/wp-dyn/articles/A3260-2005Feb6.html


Cheney: Social Security Plan to Cost Trillions

By Christopher Lee
Washington Post Staff Writer
Monday, February 7, 2005; Page A02


Vice President Cheney acknowledged yesterday that the federal government would need to borrow trillions of dollars over the next few decades to cover the cost of the personal retirement accounts at the heart of President Bush's plan to restructure Social Security.

Appearing on "Fox News Sunday," Cheney said the government would have to borrow $754 billion over the next 10 years, and conceded that the price tag would involve borrowing trillions of dollars more in subsequent decades.

"That's right. Trillions more after that," Cheney said in response to a question. <snip>

Bush has said all options are on the table except raising payroll tax rates.
<snip>

[radwriter0555]

1. Hmmm, seems we never needed to borrow to support SS before this...

so... more deficit spending? More borrow n spend gop nazi lies?

[rkc3]

2. Wait a minute....

I thought borrowing trillions was a bad idea.

Didn't we have some debates a while back where the idea of financing trillions of dollars to help people get insurance was a bad idea?

Maybe I'm missing something here, but why isn't it a problem now?

[papau]

3. To be the GOP Media you must be flexible - even 1984'ish!!!!!!!!

:-)

[isit2008yet]

4. yeah, the new right wing talking point is

"we are trying to fix SS but the democrats haven't offered anything but a tax increase." Somebody needs to inform these nut cases that Bush* plan does not fix SS but actually guts it for the 20-40 age groups. But then there is the 51% of America that doesn't comprehend Bush's failed policies. :eyes: