The 11 April San Francisco Chronicle detailed President Clinton’s attempt to overhaul Social Security in 1998. According to the Chronicle, what Clinton said then and what President Bush is saying now are strikingly similar.
What Bill Clinton knew, the New York Times concedes, and even the Chronicle admits is that the Trust Fund only exists on paper.
Medicare expenses already exceed revenues, and would be robbing other government programs if today’s Social Security surplus was not being used to cover today’s Medicare shortfall. Soon Social Security will be broke too, and will be raping and pillaging other programs unless President Bush can rescue President Clinton’s blown job.