Eeeeek! Frankenstein's Monster is back on the loose, prowling the landscape chanting "Social Security Crisis! Social Security Crisis! Fix Social Security!" It is bad enough that Obama has joined the Ghoulsbee bunch chanting this nonsense that Goldman Sachs's Robert Rubin's appointees to the Social Security Trustees under Bill Clinton instituted as "Official Projections" back in the late 1990s, since proven drasically overly pessimistic, but continued by the Bushies. Now Kent Conrad (D-ND), Chair of the Senate Finance Committee, along with Judd Gregg (R-NH), in cahoots with Goldman Sachs's current Treasury Sec, Paulson, are creating an "Endowments Commission" supposed to frighten the next president into "doing something about endowments."
This is a bait and switch the enemies of social security have been playing to for some time. Scare everybody with genuine long run problems in funding endowments. However, instead of focusing on medicare and medicaid, the sources of these problems, these entities formed to deal with endowments suddenly start going after untroubled (so far, still running a rising and nearly $200 billion surplus) social security. I understand people like pgl who might go along with this, given that so many people have fallen for the lies about social security's fiscal status, it may well be politically that the only possible tax increase out there is one on social security, sold to Republicans along with a benefit cut as some kind of deal. But, it is based on a lie. Can we not try to educate people and deal with ther real problems, please, without letting Wall Street get its mitts on social security (and some kind of privatization would almost certainly be part of any such deal)?