I Got to Thinking...
Recently Alan Greenspan said that our deficits are getting to large. Moreover, he says Social Securityspending is out of control and must be cut back (this means cutting benefits for the elderly). He also announced that he approved of the tax cuts in recent years.
Funny thing is, recent studies show that the Social Security is currently spending as much as it brings in and at this rate will be fully financed until 2042. Part of the reason is that we raised Payroll Tax in the 80s. Now, can you guess who pushed for THAT tax increase? ALAN GREENSPAN! yep, Dr. Flip-flop himself!
Tuesday, March 02, 2004
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