Truely outstanding article on Social Security by Josh Marshall

[LEW]

http://www.talkingpointsmemo.com/

The Social Security "crisis" is manufactured; there is no crisis. To the extent there are long-term financing problems, the president's plan will gravely worsen them. The problem we face isn't over Social Security, which continues to run up huge surpluses (just as it was intended to under the early-80s reform), but that our non-Social Security budget continues to run massive structural deficits. Or rather, it has returned to running massive structural deficits after getting into the black in the late 1990s through the combined exertions of a Democratic president and a Republican congress. Social Security isn't the problem, but rather George W. Bush's reckless fiscal policy.
In any case, as I say, the whole thing is lies. This isn't about the program's problems but about its success. That's why the president and his allies want to phase it out. It's not about financing but about ideology.
I'm going to try to dive more deeply into the dishonesty of the president's plan and explanations of different aspects of the debate, though much of it will simply be steering readers to the most concise and straightforward explanations from other sites and sources.

Best summary I have found

[Why Syzygy]

1. ehe

"Truth" is a stranger in these times.

Privitization scares the successful investors I know.
A bunch of day traders tossing the dice?

[proud patriot]

2. Josh on the mark

:thumbsup: