The latest Bush entry in the Stupid Olympics, after the "terrorism is a nuisance" canard (nicely ripped here by Michael Kinsley), is their umbrage over the suggestion that they have a secret plan to privatize Social Security.
If memory serves, the President was emphatic in the third debate on the need to divert a portion of payroll taxes into individual accounts. That's privatization. The fun part -- the need to replace trillions of dollars of lost revenue to pay current Social Security benefits -- was missing from his spiel. [my emphasis]
There are only a few possibilities here.
[. . .]
Tuesday, October 19, 2004
Economics even I can understand
MaxSpeak, you listen:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment