Saturday, February 12, 2005

Warmonger and FEARMONGER


“If you're 20 years old, in your mid-20s, and you're beginning to work, I want you to think about a Social Security system that will be flat bust, bankrupt, unless the United States Congress has got the willingness to act now,” he said Tuesday at a forum on Social Security. The stark choice of words was hardly a slip of the tongue – Bush used the word “bankrupt” five times in the 45-minute session.

He also warned of a potentially “bankrupt” system in a radio address last month, referring to demographic changes that signal a “looming danger.”

“In the year 2018, for the first time ever, Social Security will pay out more in benefits than the government collects in payroll taxes,” Bush said.

That is just plain wrong. In 14 of the past 47 years, including 1975 to 1983, Social Security paid out more in benefits than the government collected in payroll, with the gap reaching $10 billion in 1983. So the projected “crossover” point in 2018 is a relatively meaningless milestone, say opponents of Bush’s privatization plans, even as they acknowledge the system faces long-term problems.



Remember how Bush and Cheney starting talking DOWN the economy and triggered a recession to get their tax cuts passed?

Your fearmongering isn't so easy now the Democrats have gotten a spinal transplant from the good Doctor, is it Mr. Bush?


Joshua Micah Marshall:



Second, what the president said today almost certainly violates his oath of office in which he swears to "preserve, protect, and defend the Constitution of the United States."

That would be the Constitution which reads (Am.XIV, Section 4): "The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned."



Were any of the military governments that destroyed Argentina's economy actually foolish enough to actually spread the word that their government was on the verge of default? What's more incredible is that these guys started doing this shit when the economy was in great shape, and actually fooled people into thinking that it wasn't so that they could get their tax cuts, which, combined with the Enron et al merde, actually made what they were saying true.

What kind of President boasts about the unsoundness of government finances, especially when they have gone from stellar to absolute rot on his watch? Is that patriotic?



Bush pushes for large tax cut this year

March 28, 2001
Web posted at: 6:04 a.m. EST (1104 GMT)

KALAMAZOO, Michigan (CNN) -- President Bush on Tuesday took issue with a Democratic push for an immediate tax rebate, saying the "winded but fundamentally strong" U.S. economy needs more than a one-time tax cut.
...
"Our economy needs more than a pick-me-up, more than a one-time boost," he said. "We must put more money in the hands of consumers in the short term, and restore confidence and optimism in the long term."


When you say restore confidence, you imply that it is missing. It wasn't before you got there:


Clinton declares economy sound, trumpets fiscal discipline
January 12, 2001
Web posted at: 8:19 p.m. EST (0119 GMT)




WASHINGTON (CNN) -- President Clinton released his eighth and final economic report to Congress on Friday -- a massive 402-page analysis that declares the nation's economy strong, but counsels that continued budget discipline is the best way to safeguard against a much-feared recession.

"The message of this final report is clear: The economy remains strong, on a sound foundation with a bright future," Clinton said during a new conference on the White House South Lawn.

The "2001 Economic Report of the President" credits remarkable advances in computer hardware, software and telecommunications as the catalyst for the unprecedented economic boom the United States has enjoyed under Clinton's tenure in office.

Clinton, seeking to safeguard his economic legacy in the history books, told reporters Friday: "We have resisted politically attractive but economically unwise temptations to veer from the path of fiscal discipline."


That last sentence: Did Clinton know exactly what was about to happen...did he want to remind Americans one last time that at that point in history, they had a chance at a future that was more....well....Canadian?

Wait a second...maybe we're not being fair here. Maybe Clinton was trying to scare and mislead people when he began his second term as well....


NBC - Professional March 7, 1997, Friday (from lexis-nexis database, no link)


Copyright 1997 FDCHeMedia, Inc.
All Rights Reserved
Copyright 1997 CNBC/Dow Jones Business Video, a Division of CNBC/Dow Jones Desktop Video, LLC
All Rights Reserved
NBC - Professional

March 7, 1997, Friday


Today we learned some very good news about the American economy. Our nation has created almost 600,000 new jobs in the first two months of 1997, almost 12 million since January of 1992.

At the same time, the deficit has been reduced by 63 percent. Investment in our peopel has increased. Inflation remains low. Our economy is on the right track.

But to stay on that right track, we have to balance the budget while we go forward with the work that leads to continued growth and low inflation.

CLINTON: That's what our balanced budget will do, eliminating the deficit in five years and strengthening critical investments for the future of all of our people.

Last week, the Congressional Budget Office certified that even under its assumptions, because of the protections we built into the budget, it would be balanced by 2002.

So I am hopeful, and I want to say again, that the talks that we have been continually having with congressional leaders in both parties will produce a balanced budget agreement this year and in the not-too-distant future.

I also want to talk a moment about our commitments to our Gulf War veterans. And I thank Secretary Brown and the other veterans leaders who are here, including Elaine Larson from the Presidential Advisory Committee on Gulf War Illnesses; the leadership of the Veterans of Foreign Wars and other veterans organizations; and the Persian Gulf veterans who joined with us here today.

Two months ago, when I accepted the final report of the presidential advisory committee on Gulf War illnesses, I pledged to the committee and to all America's veterans that we would match their efforts with action.



Pretty scary stuff (not the part about balancing budget and helping veterans).

Bush created a fake economic crisis for his political gain that turned into a real one.

Then he created a fake new front in the war on terror for political gain which turned into a real one.

Now he wants to create a fake social security crisis for political gain....

What's next: a "fake" nuclear showdown with Iran/N. Korea right before the 2006 Congressional Elections?

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