(Re)tired Joe's Soc Sec Trap 4 Haley
McGurn’s “Biden’s Social Security Trap” falls into same trap he described by suggesting Joe’s “legacy” will be trashed when the entitlement program becomes insolvent in 2032 as CBO predicts? Ain’t 46 punting to THAT future POTUS?
In all this Baby Boomer’s years, Social Security’s demise has been predicted within the next decade, i.e., until a trapped president & Congress were forced to bail it out with a temporary fix aka benefit tweaks &/or tax hike. Not that the WSJ columnist isn’t right in saying this time around is different in that “this time, at the point when the trust funds run out of money, the deficits will be enormous” so that “the problem will become virtually insoluble.” In other words, McGurn argues, Mr. Biden’s “doing nothing” about the obvious pending crisis, except to blame the “Republicans who want to end it” (Senate minority leader Chuck Schumer Calls it “Biden’s rope-a-dope”) … will likely boomerang on his do-nothing balding head when the voters realize how foolish he’s been.
And yet, hasn’t every president & every Congress since FDR’s New Deal, including the creation of Social Security, done a piss poor job of funding it, forever blaming the other party for the problem whilst forever ignoring it, until there was no choice? And, isn’t THAT largely because the president & party in power AT THE TIME OF THE SOLUTION BLAMED BY THE VOTERS for the nonsense? Is it too early to predict there’s going to be a MASSIVE tax hike in 2032 by president DeSantis’ former VP Haley and SHE is going to catch political hell for it while Joe watches with a grin from the cheap seats at Shady Rest? Just wonderin’.
Davd Soul
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