Originally published May 21 2005
Bush administration claiming false "crisis" to change social security, says columnist
by Mike Adams, the Health Ranger, NaturalNews Editor
Dan Merica, columnist for Intervention Magazine, says Sen. Charles Grassley, Republican Head of the Senate Finance Committee, was perpetuating George W. Bush's "big lie," when he blasted Democrats for failing to come up with solutions to make Social Security more solvent. The "big lie" is Bush's way of pressuring Americans into investing in the stock market to boost funding for corporate America, according to Merica. Merica also notes Grassley conveniently ignored Democratic solutions to the "problem," such as raising the earning cap for Social Security above $90,000. According to the government's own calculations, Social Security would still be able to provide 73 percent of benefits after 2042, the Republican party's projected date for Social Security bankruptcy.
The Bush Administration is lying to create a sense of crisis to fundamentally change Social Security.
Charles Grassley, Republican Head of the Senate Finance Committee, blasted Democrats for not coming up with solutions for making Social Security solvent.
His tirade is just a prolongation of Bush's "big lie" campaign to scare Americans into believing that Social Security is in crises.
State only the information (real or not) that benefits your argument and repeat the message over and over and over until people believe.
The reality is that, if nothing is done, Social Security will be taking in more revenue than it pays out until 2018.
This move would solve any projected shortfalls down the road into future decades.
Also, some people have suggested raising revenue for Social Security with a corporate tax on American brand name goods imported from sweatshops in China and elsewhere.
Bush's support for offshoring good- paying American jobs has certainly cut FICA tax collections and the number of Americans able to save for retirement.
It's not surprising that investing in the stock market would be the solution that millionaire Republicans would come up with for their manufactured crises.
After all, it would inject massive funding into corporate America, in particular the investment industry.
They could care less that it would be at the expense of a secure retirement for senior Americans.
Furthermore, investing for retirement would be a daunting challenge for most Americans who would be novices in the world of stocks and bonds.
Many would become easy prey for unscrupulous or incompetent brokers.
His brother Neil participated in wiping out the retirement savings of many seniors during the savings and loans scandal in the eighties.
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