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February 03, 2005

The Actual Bush Plan

I've looked into the details of the Bush plan, and can now explain it. Here it is. Are you ready? I'm not joking about this. This is the plan:

Nothing.

Under Bush's plan, most people would get about the same or lower benefits as they would with no changes. As you'll recall, according to Bush, with no changes Social Security will "collapse." So, under Bush's plan, Social Security will collapse.

The only difference is that what was previously called "collapse" will be redefined as "A-OK."

One of Josh Marshall's readers has it exactly right, here.

(Well, there is one small but important change. We will borrow about the same amount as under current law, but we'll do it sooner. This might cause a gigantic financial meltdown, the kind you associate with third world countries. But apart from that, everything will be the same!)

Details on request.

Posted at February 3, 2005 05:06 PM | TrackBack
Comments

It's amazing, isn't it? The Administration claims that Social Security is in grave danger, then proposes to save it by doing something that won't at all avert the danger they claim it's in. I'm being unfair here, but it's kind of like someone on the street shouting, "Watch out for that car!" and then, while you're looking away, snatching your wallet.

Posted by: Rob at February 4, 2005 05:29 AM

…and pushing you into oncoming traffic.

Posted by: mk at February 4, 2005 11:33 AM