May 07, 2005
Why Oh Why Can't We Have a Better Press Corps? (The New York Times's Downward Spiral Continues Department)
Earlier this week, Paul Krugman wrote apropos of Bush's "progressive indexing" Social Security proposal:
The New York Times > Opinion > Op-Ed Columnist: A Gut Punch to the Middle: The average worker - average pay now is $37,000 - retiring in 2075 would face a cut equal to 10 percent of pre-retirement income. Workers earning 60 percent more than average, the equivalent of $58,000 today, would see benefit cuts equal to almost 13 percent of their income before retirement.But above that level, the cuts would become less and less significant. Workers earning three times the average wage would face cuts equal to only 9 percent of their income before retirement. Someone earning the equivalent of $1 million today would see benefit cuts equal to only 1 percent of pre-retirement income.In short, this would be a gut punch to the middle class, but a fleabite for the truly wealthy...
Today, David Brooks writes:
Calling Democrats' Bluff - New York Times: [Bush] has asked us to redistribute money down the income scale. Why should programs for children and families be strangled so Donald Trump can get bigger benefit checks?...
Shouldn't the New York Times have columnists who can read their own paper?
Perhaps the senior management of the Times could provide us with some insight into their lack of quality control?
Posted by DeLong at May 7, 2005 06:57 PM