by hilzoy
This is a very puzzling article. Here’s the lede:
“Sens. Barack Obama and John McCain are both proposing dramatic changes to Social Security, taking on the financially fragile “third rail of American politics” that Congress and recent presidents have been unable to repair.”
Here’s Matt Yglesias’ comment on it:
“This is a great lead except for the fact that Obama is not proposing dramatic changes to Social Security. Well, there’s also the fact that the projected deficits for Social Security are smaller and more manageable than those projected for the other entitlement programs (Medicare and Medicaid) and that the non-entitlement portion of the budget is running a huge deficit right now. Under the circumstances, Social Security would seem to be the least financial fragile aspect of the federal budget. And one more thing — to say “that Congress and recent presidents have been unable to repair” Social Security implies that recent presidents and Congresses have been trying to repair it when, in fact, George W. Bush’s Social Security proposals were, like John McCain’s, aimed at phasing the program out.
I think I’m afraid to read past the lede of that particular story.”
I, however, am willing to rush in where even Matt fears to tread: