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12/03/2004:

"From Bush Aide, Warning on Social Security"

WASHINGTON, Dec. 2 - Calling the current system of Social Security benefits unsustainable, a top economic adviser to President Bush on Thursday strongly implied that any overhaul of the system would have to include major cuts in guaranteed benefits for future retirees.

"Let me state clearly that there are no free lunches here," said N. Gregory Mankiw, chairman of the Council of Economic Advisers, at a conference on tax policy here.

"The benefits now scheduled for future generations under current law are not sustainable given the projected path of payroll tax revenue," he added. "They are empty promises."
Full Article: nytimes.com

Unbelievable. "Free lunch." Mortgaging people's retirements to pay for this dirty war.