Tuesday, June 28, 2005

Nancy Pelosi Goes Howard Dean On Social Security

House Minority Leader Nancy Pelosi defended raiding the Social Security Trust Fund recently, saying “There is a surplus in Social Security, and under the law Social Security can lend that money to the government for other purposes with the idea and the requirement that that money be paid back to the Social Security Trust Fund with interest.

She went on to claim that "the ‘with interest’ is part of the income to the Social Security Trust Fund which makes it solvent until 2052.”

Outside of San Francisco, most of the rest of us see the enormous tax increase coming to Rep. Pelosi's status quo approach.

Does Ben Chandler agree with this? Do you?