It's Recess-time Somewhere

Proud Member of the Reality-Based Sandbox

May 09, 2005

Taking from the middle class and giving to the rich

According to Paul Krugman, from the New York Times, "Mr. Bush likes to play dress-up, but his Robin Hood costume just doesn't fit."

Now, everybody close your eyes and imagine our Leader in a tights, a green tunic and one of those pointy hats. And the tights, or course, are just a wee snug in all the wrong places.

But really what this editorial is about, is how crappy Bush's proposals to revamp Social Security really is. He's pretending to take from the rich and give to the poor, but he really wants to screw over the middle class. I like to dress up and play pretend too sometimes, but not when it costs middle class Americans thousands of dollars.

Suppose you're a full-time Wal-Mart employee, earning $17,000 a year.
You probably didn't get any tax cut. But Mr. Bush says, generously, that
he won't cut your Social Security benefits.

Suppose you're earning $60,000 a year. On average, Mr. Bush cut taxes for
workers like you by about $1,000 per year. But by 2045 the Bush Social
Security plan would cut benefits for workers like you by about $6,500 per
year. Not a very good deal.

Suppose, finally, that you're making $1 million a year. You received a tax
cut worth about $50,000 per year. By 2045 the Bush plan would reduce
benefits for people like you by about $9,400 per year. We have a winner!


Geez. What a big fat mean liar our president is.

2 Comments:

  • At May 09, 2005, Blogger Isaac Carmichael said…

    He is not a liar...he's just stupid is all.

    And J. Edgar Hoover liked to play dress up too.

     
  • At May 09, 2005, Blogger Alicia Morgan said…

    Honestly - this is a guy who flushed every business he had the misfortune to be associated with down the toilet, only to be bailed out by his Daddy and his Daddy's pals...can you think of anyone less qualified to make financial decisions? He's 'not an economist' fer sure!

     

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