Republican Greenspan would let SS die with a Bush "CarveOut"

[EVDebs]

estimated to cost trillions. He feins worry about the bond market and deficits but would allow the heart to be cut out of SS just to give Bush a 'victory' with crappy little private accounts, something you can do for yourself already with IRA accounts or just buying an annuity from an insurance company.

Greenspan drank the kool-aid.

[GR]

1. He Is A Disciple Of Ayn Rand....Selfishness Is What It's About....

Don't ya know....devil take the hindmost...even if they're our own parents and children...Wasn't the Gilded Age great?

God will reward believers with material success...Just remember the Prayer of Jabez...If you don't screw you...

Isn't that what they believe...Of course many were born on third base and think they hit a triple...

[papau]

2. Greenspan retires in a few months - but this was exceptional whoring -even

by Greenspan standards!

:-(

[flpoljunkie]

8. Would limit borrowing to $1 trillion over 10yr, so it's not too "large."

How coincidental that Dubya has said his privatization plan would cost about $750 billion for the first decade! Greenspan paved the way for Bush's totally irresponsible tax cuts, which have widen the disparity in income in this country, and now he is apparently trying to do the same for Dubya with regard to privatization and destruction of Social Security.

And then yesterday, this utterly disingenuous, hypocritical statement from Greenspan:

"I think it is a highly desirable thing because you give wealth basically to people in the lower and middle-income groups who have not had it before. I've been concerned about the concentration of income and wealth in this nation...and this, in my judgement is one way in which you can address this particular question."

[RaleighNCDUer]

9. He's trying to have it both ways.

Looking after his place in the history books, he cautions 'no more than 1 trillion over 10 years', knowing that *'s 750 billion is lowballing and will come in more than twice that. So he supports *, but leaves an opening for saying 'I told you so' when the * plan guts SS.

[HuckleB]

3. History will not be kind to Greenspan.

And I suspect that will cut his own heart out for him. What a punk.

[xxqqqzme]

7. if he is retiring that can only mean

one thing - in a few months he gets his own medal of freedom from the ass he's been kissin'. (is this eerily becoming a replay of all those pictures and cartoons of old USSR characters w/ 'hero' medals on their chests?)

Pathetic little man!

[Padraig18]

4. Actually, Greenspan cut Bush's throat yesterday, if you paid attention.

He said he would support the accounts IF they resulted in a 'national net savings' increase. His support was VERY conditional, and there is no way in hell that Bush will agree to a program that results in a NET increase in savings, since that would mean cutting the deficit by raising taxes.

[Inland]

5. Net savings increase from accounts means cuts in benefits

as well as tax increases.

[Padraig18]

6. No, he meant NATIONAL savings, as in savings accounts.

I was listening to his testimony, and he was speaking about the rate of individual savings.

[nodictators]

10. Bush will agree to almost anything he doesn't like...

...and then DO the opposite

[EVDebs]

11. But supporting 'privatization' thru govt fiat he gives Bush 'cover' to

continue this travesty designed specifically to KILL SOCIAL SECURITY !

You already have the ability to do private accounts thru IRAs and annuities all by yourself if you want to. This is all a sop to Wall Street and the old timers in the rightwing who've always wanted to destroy the legacy of FDR on ANYTHING, from Pearl Harbor (Robt Stinnett's "Day of Deceit" and his homage to GHWB) to the rest of Prescott Bush's cabal that tried to oust FDR in 1932 (but was prevented by Gen Smedley D. Butler--"The Plot to Overthrow FDR" by Jules Archer).

Fascist neocons are behind this.