Stopping the Bum's Rush

Stopping the Bum's Rush
By PAUL KRUGMAN
NY Times
Published: January 4, 2005
he people who hustled America into a tax cut to eliminate an imaginary budget surplus and a war to eliminate imaginary weapons are now trying another bum's rush. If they succeed, we will do nothing about the real fiscal threat and will instead dismantle Social Security, a program that is in much better financial shape than the rest of the federal government.
In the next few weeks, I'll explain why privatization will fatally undermine Social Security, and suggest steps to strengthen the program. I'll also talk about the much more urgent fiscal problems the administration hopes you won't notice while it scares you about Social Security.
Today let's focus on one piece of those scare tactics: the claim that Social Security faces an imminent crisis....