Which would you rather have? Tax Cuts and Refunds or Social Security and Medicare?

Which would you rather have?
Tax Cuts and Refunds or
Social Security and Medicare?

Sean Lewis
February 18, 2005

Short Term gratification vs Long Term responsibility. This is what this question is really about. This is what Bush campaigned on. One he gave lip service to, and the other one he delivered.

Bush was right when he said the Surplus was our money. Bush just failed to mention that the surplus represented our future Social Security checks.

Bush won the Presidency by buying it with Government Checks. Government Checks that were ours to begin with, since it was our Social Security Money.

Now Bush is 'fixing' Social Security. A program that was never broken, but because of Bush's fiscal policy, the program is essentially broke.

How?

If you believe Bush it was because when Social Security was first instituted there were 17 employees contributing for everyone retiree.

The fact of omission however was that the unused surplus was invested in US Treasuries for when the disparity would become what it is now. This is why TECHNICALLY Social Security is flushed with $1.8 Trillion in US Government Bonds and will be self sufficient until 2042.

But because of the Deficit created by the Bush Tax cuts, there are no Government Funds to honor the redeemed Social Security Treasury Bonds.

So I ask the question again.

Which would you rather have Tax Cuts and Refunds or Social Security and Medicare?


Sean LewisVirtual TruthNew York CityVirtualTruth@aol.comFounder Open Debate ForumOpenDebateForum@groups.aol.com



We are Americans first. Not black or white, conservative or liberal, Republican or Democrat. We are Americans first. Until this fact is understood we will be a nation divided and ineffective. We need to forget our differences and stop blaming each other for the errors of the past. We need to be non partisan about the future of this country. Our greatest enemy is from within. We have turned upon each other. . We need to change our old way of business as usual and be united for the common good. Which is, we are all Americans first.

Time will tell all the Truth.
VT