Sunday, January 23, 2005
"There is no Crisis..."
Let me be clear - I Did Not Vote 4 Bush. (spotted via UrbanSpy)
And There is no Crisis.
- Bush Social Security Plan Likely to Cut Initial Benefits
- "A Question of Numbers":
[T]hanks to unceasing alarms, many, and perhaps most, people today think [social security] is in serious financial trouble.
But is it? After Bush's re-election, I carefully read the 225-page annual report of the Social Security trustees. I also talked to actuaries and economists, inside and outside the agency, who are expert in the peculiar science of long-term Social Security forecasting. The actuarial view is that the system is probably in need of a small adjustment of the sort that Congress has approved in the past. But there is a strong argument, which the agency acknowledges as a possibility, that the system is solvent as is.
from a January 16 New York Times magazine article by Roger Lowenstein.
And would you really trust duke to effectively execute such a radical overhaul of a major government program like Social Security after looking at this? By the Numbers: The U.S. After 4 Years of Bush (spotted via Altercation)