Well, hooray. Social Security won't become insolvent until 2052, according to the Congressional Budget Office, 10 years later than the Bush administration predicted in March.
"Hey, Doc. Only three of my coronary arteries are plugged up?"
"Sorry, Mr. Doe, the surgery must proceed."
There is no reason why folks shouldn't provide for their own retirements with private investment accounts.
A New Deal hangover is suffered by the body politic, which like the alcoholic cannot put down the bottle. Defenders of Social Security claim the alcoholism, while challenging, can be managed.
Like The Associated Press story: "A projection of a more robust Social Security could provide ammunition to opponents of (President) Bush's idea" of private retirement accounts.
Robust? Are they nuts?
Social Security is but a piece of the larger recklessness, and our medical symbolism is no accident. Medicare and the new prescription drug benefit will be real killers. As things stand, Medicare and Social Security will draw 50 percent of all federal income tax dollars by 2030 -- in addition to payroll taxes .
How could the Bush administration support private retirement accounts on the one hand but an open-ended drug entitlement on the other?
It's like the barfly who says he'll be cutting down on the whiskey but is developing a real taste for gin.
