Social Security "will be bust in 10 years unless there are some changes."

[VOX]

The Chimp made this claim during a campaign in 1978 -- 27 years ago. He was a liar then. Anyone with half a brain should know that he's lying now. :grr: Anyone with a full brain should know that he's lying all the time. :grr:

* = All Lies, All the Time.
- - - - -
http://www.nytimes.com/2005/02/27/politics/27social.html?hp&ex=1109480400&en=0a958f02348dd46b&ei=5094&partner=homepage
For Bush, a Long Embrace of Social Security Plan
New York Times
Published: February 27, 2005
<snip>
Mr. Bush had long been intrigued by the idea of allowing workers to put part of their Social Security taxes into stocks and bonds. One Tuesday in the summer of 1978, in the heat of his unsuccessful race for a House seat from West Texas, Mr. Bush went to Midland Country Club to give a campaign speech to local real estate agents and discussed the issue in terms not much different from those he uses now.

Social Security "will be bust in 10 years unless there are some changes," he said, according to an account published the next day in The Midland Reporter-Telegram.
<snip>
on edit: added link (registration required)

[BRLIB]

1. This could partly explain this piece of Fecal Matter's

fetish with Social Security, which then leaves a vacuum regarding an explanation for his "bald head" fetish.

[Inland]

2. Well, wait a second. In 1978, that may have been right.....

remember the huge payroll tax increases didn't occur until 1983.

But I bet if you go to reports in 1983, the trust fund was going to be bust by NOW, instead of 2018. The Sunday NYT magazine had a very good article on how predictions have been more than pessimistic and turned out wrong since the seventies.

[VOX]

3. I'm sure that * didn't have payroll taxes in mind when he spoke of changes

He, like the rest of his right-wing ilk, has been a rabid privatizer of all things. :grr: