Bush has apparently let it be known that those over 55 years old will not see their Social Security benefits cut. The Dmeocrats say that’s not enough. But listen to arguments of two Dems from this AP story.
Sen. Max Baucus, D-Mont., said, “The kind of plan the president seems to be suggesting would mean deep benefit cuts for retirees. And it would also mean massive increases in debt for the federal government. That is a bad combination.”
…”The president has to decide whether he wants to take the lead in fixing Social Security or whether he wants to take the lead in effect destroying the most successful social program in history,” said [Sen. Charles Schumer D-N.Y.], who is chairman of the Democratic Senatorial Campaign Committee as well as a member of the Finance Committee.
Now, of course, they could have said more that the writer did not report. But I think the first thing that needs to come out of Democrats mouth is the reason Social Security has long-term challenges are the steep tax cuts Bush put in place. Tax cuts have consequences. And one of the first seems to be that Social Security won’t be there at the same level it is today for those under 55 when you retire. In other words, the younger generation pays the price.