Wednesday, June 01, 2005

They won't eat cat food

USA Today has a front page story about the rich and Social Security.The large welfare program has some powerful people getting welfare checks.Means testing the program isn't a politically correct subject to bring up.Consider this:
But even ending all payments to households with incomes above $100,000 — the top 5% of households getting benefits — would have saved only about $30 billion of the $415 billion in retiree payments made in 2004.
Notice the bias in the reporting here,$30 Billion is lot to give away to people who own their homes outright and have 100K in other income.No word yet on whether Senator Kennedy wants to provide free food,clothing,and transportation to the movies for Warren Buffett and Charles Munger.USA Today