Social Security: Finally, An Honest Debate

摘要

Federal Reserve Chairman Alan Greenspan lobbed a useful, if unintended, grenade into the Presidential campaign when he abruptly urged Congress to cut Social Security benefits. Until Greenspan's testimony, President George W. Bush had been insisting that we could have permanent revenue losses from his massive tax cuts without any harm to important social benefits. Even as Greenspan's testimony was reverberating in the country, Bush was out campaigning to make the tax cuts permanent. Greenspan's little explosion may have been aimed at social entitlements, but politically it will do far more damage to the Bush campaign by lighting up realities that Bush would prefer to keep hidden.