Bush Privatization to Create More Debt

Our "fiscally conservative" President is now admitting that his plan to privatize Social Security will grossly expand the deficit, essentially passing on today's costs to future generations. Here's the Reuters excerpt:

"The White House said on Monday it would borrow money to help pay for adding personal retirement accounts to Social Security, after ruling out tax increases to finance a transition experts say could cost $1 trillion to $2 trillion over 10 years."

This, from the same President who less than two months ago said "the job of a President is to confront problems, not to pass them on to future Presidents and future generations."