| WASHINGTON (Reuters) - A Republican congressional proponent of Social Security reform warned President Bush on Sunday not to rely on a sharp increase in government borrowing to overhaul the federal retirement program.
U.S. Sen. Lindsey Graham (news, bio, voting record) of South Carolina said reliance on borrowing to finance an estimated $1 trillion to $2 trillion in transition costs would be irresponsible and could undermine Bush's tax- and deficit-cutting goals. "What I'm asking of the president, when it comes to the transition costs, be flexible," said Graham, who has proposed a temporary rise in payroll tax contributions to finance Social Security's shift to partial privatization. "I think it's irresponsible to borrow the whole trillion dollars," he told "Fox News Sunday." |
I mean, OK, a dose of reality is nice. But... really, it shouldn't be newsworthy to say "I think it's irresponsible to borrow the whole trillion dollars," should it?
Think back 20 years. Could you ever imagine one day a Republican would be saying something so ridiculous. Remember when the GOP used to throw around the phrase "tax and spend liberal"? Give me a choice between "tax and spend" and "borrow and spend" and I'll take the first any day of the week, thank you.
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