Thursday, February 03, 2005

The Truth About Social Security

Brian Riedl and David John make the essential point about the Social Security "Trust Fund".

All of the talk about the Social Security "trust fund" ignores the fact that, in the end, when we "draw down on the trust fund" the money will have to come from the taxpayers.

And of course, the liberals don't see there being any Social Security crisis because they don't see any problem in raising taxes until the businesses, corporations, and rich people scream, because they don't seem to understand that that would devastate the economy and destroy the very wealth that they intend to redistribute.

Sigh.

That is all.

No comments: