As we wade deeper into this social security mess, it's going to be important to pay attention to how much the media buys the Bush administration's fabulous new argument that borrowing a couple of trillion dollars isn't actually borrowing a trillion dollars.
I'm reminded of the California recall election, during which the media reliably passed along the fake contention that California had a $38 billion deficit, when in fact that deficit was only $8 billion. And, all the while they marveled at Arnie's cunning plan to shrink the "deficit" by... borrowing money!
damn irresponsible bluggers
