My reaction to the press conference

UPDATE: To clarify, it drives me nuts that no one ever thinks to ask why the treasury bonds in the Social Security Trust Fund are “IOUs sitting in a file cabinet,” yet treasury bonds in personal accounts are “backed by the full faith and credit of the US government.” This is literally nonsense. Perhaps he means that under a privatization plan, since the government will be responsible for less of peoples’ pensions, there will be less debt. Still, I’d like to actually hear that said.

UPDATE II: Has anyone else noticed that Joe Scarborough is extremely erudite and honest when commenting on MSNBC’s reaction roundtables? That’s weird.

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