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Monday, March 07, 2005
Strib does Social Security
On Sunday, the Strib's Eric Black gave us an article on Social Security.Deciphering the 'crisis' code:
If you are just setting out to follow the subject, today and occasionally in the weeks ahead, this series will provide the basic facts and context you need (minus the name-calling and hype). For example, today's installment should clarify why everyone keeps talking about the years 2018 and 2042.
Black takes as much time to establish the premise as it takes to answer the limited questions he identifies. To be fair, Black goes on to ask a number of additional questions. He doesn't really answer any of the questions and features two privatizer experts to one non-privatizer. But, again, it's a basically fair review of the issue.
Except. Except that although Black has time and ink enough to last through a metaphysical deconstruction of "crisis", he doesn't ever get around to mentioning that if there is a crisis, the Bush plan does nothing to solve it. In fact, the Bush plan would exacerbate Social Security's relatively minor cash flow issue by introducing $15 trillion of new liabilities.
