Leave the Table

Good piece by E.J. Dionne in the Washington Post - finally a liberal pundit gets it!

Bush has refused to put his own tax cuts on the table as part of a Social Security fix. Repealing Bush's tax cuts for those earning more than $350,000 a year could cover all or most of the 75-year Social Security shortfall. Keeping part of the estate tax in place could cover a quarter to half of the shortfall. Some of the hole could be filled in by a modest surtax on dividends or capital gains.

But Bush is resolute about protecting the interests of the truly rich by making sure that any taxes on wealth are ruled out of the game from the beginning. The Social Security cuts he is proposing for the wealthy are a pittance compared with the benefits they get from his tax cuts. The president is keeping his eye on what really matters to him.

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Walking away from a rigged game is hard for some people, especially when those running it and the respected opinion-makers who support them insist that this time the game will truly be on the level. But, especially when the danger involves gambling away the future of Social Security, the truly responsible thing is to leave the table.