Show DRASTIC CURE iA f 4 0 But nurse its v the fAe wrong type of blood When President Carters Carter's Social Security financing plan was unveiled in May the response to a key section was instantaneous ous and deservedly critical Members of both parties attacked it as ill-conceived ill one Rep Bill Archer called it a brazen demonstration of fiscal legerdemain Why all the uproar The legislators were irked because Carters Carters Carter's Carters Carter's Car Car- ter's proposal would prop up a shaky Social Security system with funds from general revenues revenues at at a time when the federal budget itself is running an estimated billion deficit the third largest in history With no general revenues available either the deficit must go even higher causing a hidden tax through inflation or income taxes must increase While taxes must be increased for the system to continue to provide genuine security the Administration proposal moves the current right earned system towards becoming just another welfare program On the other hand an increase in the employer-employee employer tax by say 3 percent this year and 2 2 percent in 1982 would truly shore up the system and prevent people from mistakenly believing that someone else not else not you is paying the cost 1 |