While doing some mindless paper-cutting tasks, I'm watching WPRI's online video of last night's Congressional district 1 debate between Republican John Loughlin and Democrat David Cicilline, and the first thing to catch my ear came right at the beginning, during discussion of Social Security.
Cicilline ran through his accusation that Loughlin wants to privatize the system and thinks it's a Ponzi scheme (no doubt, mentally thanking Providence Journal reporter Cynthia Needham for her free rhetorical research). Then, while explaining why allowing younger workers to invest a portion of their payroll taxes in private retirement funds, he said:
We rely on current workers to pay into the system to pay people collecting Social Security.
Sounds like a Ponzi scheme to me.
ADDENDUM 1:
Talking about the Bush tax cuts, blaming Republicans for not allowing Democrats to put forward a proposal to keep the tax cuts for the middle class, Cicilline repeated again and again that it's "not the time to give another tax break to the millionaires and billionaires." Two things:
"blaming Republicans for not allowing Democrats to put forward a proposal to keep the tax cuts"
Wait, what'd I miss? When did the Republicans regain the majority in Congress? I thought that if you have the majority, you can pretty much pass anything you want.
Maybe that's why Cicilline hasn't done anything of substance in Providence.
Posted by: Patrick at October 20, 2010 10:07 PMThe Republican led congress and Bush, voted to make the tax-cutes expire, They could have made them permanent, but chose not to, knowing that NO Republican could be elected POTUS in 2008 after the damage the Cheney/Bush administration and the GOP had done to our country.
So now our Nigerian President, Imam Hussein Obama, wants to extend those tax cuts too 99% of all
taxpayers. When he could have just let the cuts EXPIRE, as the original Bush/GOP bill called for
Also
Its a Good thing Mrs Obama Sr, had the foresight, to place a phony birth announcement advertisement in TWO Hawaiian newspapers 47 years ago