President’s glaring leadership failure

Dear Editor,
President Bush and Congressional Republicans have reached a new
high in hypocrisy over the issue of Social Security solvency.
Before taking office in 2000 the government ran several years of
budget surpluses.
Dear Editor,

President Bush and Congressional Republicans have reached a new high in hypocrisy over the issue of Social Security solvency. Before taking office in 2000 the government ran several years of budget surpluses. Government officials, including Alan Greenspan agreed that paying down the federal debt was the best way to meet the future obligations of Social Security and Baby Boomer retirement.

The top priority of the administration in 2000 was cutting taxes. Coupled with a large amount of pork barrel spending, never challenged by the president during the intervening four years and a costly war, has plunged the country into deep into debt with budget deficits approaching half a trillion dollars. How ironic that Bush warned us in his recent state of union speech about Social Security spending $200 billion more in 2027 than it takes in, while ignoring the enormous deficit of his creation.

In the midst of the budgetary trickery and misinformation Social Security ran a surplus of over $150 billion last year. But even now, as Bush and Congressional Republicans bemoan a distant crisis in Social Security, the Trust Fund surplus continues to be squandered on their bankrupt policies.

Warren Seifert, Gilroy

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