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Saturday, May 07, 2005

I don't understand 

I don't understand why the Times can't get conservatives who make sense some of the time to write for them. (Dan Drezner? Or maybe Andrew Sullivan?) I also don't understand this paragraph, pulled from Tierney's column today:
In theory, there is a trust fund to cover this shortfall. When Congress sharply raised Social Security taxes in the 1980's, the idea was to generate surpluses during the baby boomers' working years that would finance our retirement. Instead, Congress spent our money, leaving the Social Security trust fund with a file cabinet full of i.o.u.'s in the form of Treasury bills.
(They're not bills, they're bonds, but that's neither here nor there.) Would he rather Congress stuff $20 bills in a filing cabinet? Okay, I assume he wishes that instead of collecting Treasury "bills", Congress would have put the money into stocks or property or private debt or something, but he doesn't say so or say why it's a good idea or even address whether or not it's legal.

And the biggest flaw of his series of columns is that he's comparing social security to a private retirement savings system, when social security does so much more. He never mentions this.

I don't understand why this man get such a large forum for his opinions. Could it be a clever strategy by the Times to make conservatives look bad?

-Daddy Brooklyn  09:56 EST | |

About us:

This weblog is an ongoing, if periodic, effort by several friends to stay in touch, in reading material, and in ideas.

Lucky Luciano is a former Italian Stallion real estate hustler and Benedict Arnold CEO turned shady lawyer-to-be. He lives in Denver.

Ben is a Paramedic and would-be philantropist who lives in Denver. He knows everything about nothing.

Fuzzy Dunlop lives in Manhattan. He is more than capable of standing up to the stresses of a high crime urban environment.

Jess is a teacher. But have YOU given her an apple? No, you haven't. You should be ashamed of yourself. This crazy feminist currently rests her copy of Awakening in Jersey City.

Matt is a pariah, iconoclast, and professor of gambling living in Oakland.

Miguel Sanchez is not Lionel Hutz.

Daddy Brooklyn lives in Brooklyn. He hates Republicans, though he wouldn't mind being ensconced in the landed elite of New York City.

Paul just smoked my eyelids and punched my cigarette.

Ziggy Stardust has no past.

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