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Reply #34: Agreed [View All]

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karynnj Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-08-10 08:45 AM
Response to Reply #3
34. Agreed
Beyond that the list frames everything in RW terms. "Cut and Run" alone is a dead give away. Not to mention it is cherry picking that distorts both men's records.

It is true that Reagan raised taxes, but the greater truth is that he shifted the tax burden from the rich to the poor and middle class. One way this was done was by increasing the FICA taxes to deal with the imminent retirement of the baby boomers - and then adding the SS surplus to the general budget, which would have otherwise had even bigger deficits due to the cuts in income tax, especially for the wealthy. Now, people like Greenspan, who pushed for that increase to "keep SS solvent" argue that the money spent is "gone". It is inconceivable that he did not see this would happen - so he really replaced money from a progressive tax (income) with a more regressive one (FICA). This was, of course, the insult to the injury of now telling people, that even though they paid higher SS and Medicare taxes since the mid 1980s to insure the money would be there, that money is not there and a commission will look at how to "fix" that.
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