Thursday, February 09, 2006

Social Security destruction plan hidden in Chucklenutz's budget...

You gotta give it to Chucklenutz. while we're chasing him down on wiretaps, he's slipping his bullshit social security privatization plan right in the middle of the 2007 Budget. Allan Sloan of the Washington Post notices it and tries to let us know:

""The Democrats were laughing all the way to the funeral of Social Security modernization," White House spokesman Trent Duffy told me in an interview Tuesday, but "the president still cares deeply about this. " Duffy asserted that Bush would have been remiss not to include in the budget the cost of something that he feels so strongly about, and he seemed surprised at my surprise that Social Security privatization had been written into the budget without any advance fanfare.

Duffy said privatization costs were included in the midyear budget update that the Office of Management and Budget released last July 30, so it was logical for them to be in the 2007 budget proposals. But I sure didn't see this coming -- and I wonder how many people outside of the White House did.

Nevertheless, it's here. Unlike Bush's generalized privatization talk of last year, we're now talking detailed numbers. On page 321 of the budget proposal, you see the privatization costs: $24.182 billion in fiscal 2010, $57.429 billion in fiscal 2011 and another $630.533 billion for the five years after that, for a seven-year total of $712.144 billion

The full story, from the Washington Post.


Post a Comment

<< Home