A note on the Amazon ads: I've chosen to display current events titles in the Amazon box. Unfortunately, Amazon appears to promote a disproportionate number of angry-left books. I have no power over it at this time. Rest assured, I'm still a conservative.
Tuesday, December 16, 2003 Ignorance about Social Security: David Hogberg has an excellent fisking of a Des Moines Register editorial opposing any partial privatization of Social Security and painting an unduly rosy view of the trust fund's future.
The truth is that the second receipts into Social Security don't cover the payments, and they have to dip into all of those IOUs, we're going to have a huge problem. Currently that date is 2018. Not 2050something like some like to claim.