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Wednesday, February 04, 2004
I realize that West Wing gave up any claims to seriousness a while back, but anyone who actually believes that Social Security can be “saved for a generation” by an afternoon's press-free horsetrading between lame ducks, by exchanging voluntary additional private accounts for twenty-year “benefit trimming” – most likely not actual cuts but DITROI, a decrease in the rate of increase – and a sixty-year(!) phase-in of a higher retirement age, all funded by extending payroll taxes on high earners, is truly, truly, truly not paying attention. The sticking point isn't who gets the credit, but who gets stuck with the bill for the elephant in the room. You'd think a show portraying policy wonks in their native habitat would have somebody on senior staff with a fiscal clue.
posted by Kelly |