February 21, 2005
Why Do They Lie All the Time, About Everything?
Because the press doesn't dare call them on it.
Let me turn the mike over to Matthew Yglesias:
Matthew Yglesias: Ah, "Debunking": I see Cato's done a 'daily debunker' of the Schumer Social Security calculator that complains:
The calculator acknowledges that the President's proposals do not necessarily include a shift from wage- to price-indexing. It acknowledges that the President has not made any specific proposals to reduce Social Security's outstanding fiscal imbalance. It is well known that the President has called for open debate regarding such measures. Yet, the calculator proceeds to show estimates based on a particular method of reducing the fiscal imbalance--a shift from wage- to price-indexing--thereby incorrectly ascribing this feature to be a part of the President's proposals.
But of course the president's hand-picked commission on privatization recommended price indexing, the White House's official strategy memo on privatization said they were going to implement price indexing, unless I'm mistaken Cato supports price indexing, and even if the administration plan doesn't ultimately implement price indexing it will need to cut benefits by an equivalent amount. But if the White House really wants to debunk the view that they're proposing price indexing, they could easily say that they oppose it and take it off the table. Meanwhile, best as anyone can tell, price indexing is a part of the Republican Plan.
Posted by DeLong at February 21, 2005 08:46 AM