December 6, 2005

WRTA

Brown Shoes Diary

Bush Bashes Business

President Bush lectured American corporations Monday about ensuring the solvency of their pension plans.  Is he really that dumb not to notice how ridiculous he sounds?  Here is the leader of a government that takes the taxes for the government's retirement plan, Social Security, and spends them on whatever it wants, creating a liability currently estimated at over 45 Trillion dollars plus interest. (That's right, 45 Trillion dollars according to economists Laurence Kotlikoff and Scott Burns in their recent book, The Coming Generational Storm.)

How about a look at scripture, Mr. Christianity--deal with the log in your own eye before you worry about the splinter in someone else's.

Of course, it could be that Mr. Bush recognizes fully the dire situation of the impending Social Security insolvency and he's just trying to cajole the private sector into shouldering another bailout of another socialist program.  Well, okay, Mr. Bush, but you ought to do it with a lot more contrition and a lot less imperiousness.