Sunday, January 07, 2007

"Pay as You Go" for Social Security!

If the Democrats think that “Pay as You Go” is such a great idea they should try it out on Social Security. We taxpayers would receive a rebate check each month (actually witholding payments or quarterly estimated payments would be lower) and Congress would have to wrestle with the true budget. The charade of using “retirement savings” to fund operating expenses would be over. They would also have to make hard choices involving taxation and spending. Taxes would need to be raised pretty dramatically (politically difficult at best) in order to keep all of their precious programs operating; in other words they would actually have to choose between another extension of the Robert C. Byrd Memorial Highway (or the “Bridge to Nowhere”) and infrastructure that is actually needed. They would also need to make hard choices concerning who and what gets subsidized in our nation.

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