More on Social Security

Josh Marshall explains what the real crisis with Social Security is, the US Government has borrowed 3 trillion dollars from it.

Almost the entirety of President Bush's Social Security phase-out plan comes down to a simple proposition: finding out how not to pay it back.

The main stream media is beginning to tell it like it is. The New York Times has an editorial today, The Social Security Fear Factor. They point out that the numbers that the administration is using to show there is a crisis are bogus. They point out that the only people who will benifit from the President's plan are his friends on Wall Street. They have some advice for Republican lawmakers.

It's bad policy. And it's bad politics, too, driven by reflex, ideology and special interests, and sustained by conformism that masquerades as party discipline. Lawmakers who still value their right and obligation to think for themselves - and to act in the best interest of their constituents - must champion solutions that will build on Social Security, not undermine it.

The New York Times editorial has a lot of good information and I would suggest you read the entire thing.