By CHRIS DUGOVICH

Chris Dugovich
Council 2 President/Executive Director

BUSH, BORROW and spend.

I guess I’m the problem. As a member of the baby boom generation born after World War II we’re the ones that have created the crisis in the Social Security system. According to the Bush Administration, we’re the weapons of mass destruction.

The administration seems dead set on creating a crisis that doesn’t exist. Sure, there’s a funding problem off somewhere around 2040. But most experts believe that it calls for some course directions, not a major overhaul.

The real problems have been created by the Bush Administration with its tax cuts for the wealthy.

Remember Al Gore and the lock box? The lock box is where a president Gore would have placed a portion of the huge budget surpluses created by the Clinton/Gore budgets in the 90s.

This money in the billions would then have been used to bolster the Social Security system and run it out far beyond 2040.
Now there isn’t any money.

The borrow-and-spend policies of the Bush administration have created huge deficits that have now just started to drive up our mortgage rates due to the demand on borrowing. While the Bush people preach daily about America’s security, they never mention that China and a host of other foreign countries are financing the national debt Bush is creating.

This situation in itself creates nothing but a greater amount of influence for them on something that really makes us strong — our economy.

In the meantime the great fix is an additional $2 trillion or more of debt to create private Social Security accounts.

The good days are ahead for the bankers if Bush gets his way.
For the rest of us and the baby boomers instead of Social Security checks we may end up with our payment books.

That’s when Bush privatizes the national debt.