Friday, February 18, 2005

Lying Headline 
This Reuters report is headlined "Greenspan Won't Say Social Security in Crisis."


Except that's exactly what he did say, and that's exactly the term he used.

When he rolled it back, it was not to say that Social Security was not in crisis. He rolled it back to say that it really doesn't matter a whit whether you called it a "crisis" or not, since the measures required in order to address the long-term funding shortfall don't change, whether you call the shortfall a "crisis" or a cockle.

Really, what he was doing was a backhanded slap at Democrats obsession over semantics as an excuse to avoid dealing with the real fiscal issues posed by demographics.

Of course, that's probably way over the head of the typical reporter.

Splash, out


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