Thursday, February 3, 2005

Social Security Privatization = New Birth Tax

Democrats are saying that Social Security privatization will levy a Birth Tax on all Americans that will saddle every American with over $30,000 in debt....

Bush's plan to divert payroll taxes into private accounts will add trillions in additional debt that future generations will have to repay.

This added burden is a "birth tax" that each newborn American and all Americans will have to pay back with interest. It will increase the per capita debt to close to $30,000 by 2015 - up 150% from the 2001 per capita debt of $12,000.

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