John Moltz

The Howler

Somerby, incomperably, makes a good point.

The transition cost of Bush's privatization plan is not $1 trillion, it's not $2 trillion, it's not even $4.5 trillion.

It's $15 trillion.

Also, don't miss Charles Krauthammer telling Ross Perot that his U.S. treasury bonds are worthless pieces of paper down at the bottom.

It's like these guys came out of a survivalist cabin in Idaho and proclaimed that the gubbiment has no ability to issue bonds.

What else is worthless? All those cool state quarters they've been minting? The new nickels? Presumably everything but the dime, as soon as they can get Reagan's face on it.

Shorter Krauthammer (to be said in voice of Kang from the Simpsons): YOUR RETIREMENT IS DOOMED! DOOOOOOOMED! END COMMUNICATION.