| WASHINGTON (Reuters) - The White House went all out to showcase the advantages of President Bush (news - web sites)'s ambitious financial agenda this week, but in the end the "challenges" proved too much.
The word "challenges" -- a main theme of a two-day White House economic conference that ended on Thursday -- was misspelled on a large television monitor that stood in front of Bush during a panel discussion. "Financial Challanges for Today and Tomorrow," the message proclaimed in dark blue capital letters against a bright yellow background. |
I'll be back in a few with some thoughts on Social Security. Until then, Kevin Drum has been doing a brilliant job laying out al of the facts for you here, here, here, here, here, and here. And just in case you don't have time to read all that, here's a nice summary in chart form just how NOT urgent this "crisis" is. The bottom line is the year, the top line is the projected date of "insolvency."
One last question before I go... if running a deficit makes the Social Security system "insolvent", does that mean the federal government has been insolvent throughout Bush's entire first term? As well as his father's AND Reagan's terms? Cause THAT would be a real crisis!
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