Saturday, November 27, 2004


So, it's okay to borrow a bunch of money and raise taxes to "save" social security by demolishing it but not okay to borrow not so much money or raise taxes a wee bit to save it for real.

I think we're seeing how this is going to unfold - a combination of putting it off budget and raising taxes on people earning not too much money. The tax increase will be offset by what will be called a "tax cut" - your shiny new personal social security account. So, they'll add a few percentage points onto your income taxes and "cut" your payroll tax, but force you to save the money.

Sane people will try to point out what they're doing, Ted Koppel will declare it oh so complicated, pundits will pontificate that no one really understands all these numbers...