The claim that social security faces in immenent crisis is simply false

It's not big secret that I'm not a fan of Bush or the current republican agenda. What most people don't know is the ways that I'm not a fan. Sure, I don't like how he's handled the war on terror, and we disagree on a lot of social issues. But those I can live with, the one that really scares me is his economic policy. Massive deficits and debt in the first term was bad enough. But his economic proposals for the second term are even scarier.

I don't even want to get into the idea that we should only tax income and not wealth. It's a ridiculous way to tax the public. As you move up the wealth scale a smaller and smaller portion of your worth comes from income. Not only would this be ridiculous regressive, it would serve to entrench the upper and lower classes in a socially unhealthy way.

Equally bad is social security. My favorite columnist, Paul Krugman, of the New York Times is just starting a long series of columns about social security. The guy is hardcore anti-Bush (mostly for his fiscal policy) so don't expect a lot of balanced discussion. But I don't blame him for this, as I wouldn't be able to say nice things about Bush's ecomonic policy either. Plus, Krugman is well qualified - he's an economics professor at MIT. I'm anxious to read what he has to say over the next few months. I highly recommend his columns, they're well worth the hassle of registering for the New York Times website. You can read the first one here. Lastly his book, The Great Unravelling, is a collection of columns over the past few years is excellent.

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