Sunday, January 09, 2005

Economic Foolery

We were talking at breakfast this morning about this, that, and the other, and got onto the subject of the proposal to reduce the amount of increases to Social Security through the mechanism of tying the increases to inflation rather than to salary. I had just mentioned that though I recognize the need for action, I didn't like the method, when it abruptly occurred to me that these are politicians proposing this. That means that the chances of them actually meaning exactly what they said is fairly slim. They might well be doing it to stake out an extreme position, so that when they come up with their actual plan, it'll sound moderate by comparison.

Somehow, realizing this doesn't make me feel better.

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