3/01/2005

Biden's Counter-Bamboozlism

Josh Marshall of Talking Points Memo has been blogging the hell out of the Social Security issue. Recent post:
I'm a big fan of Sen. Joe Biden (D) of Delaware. But I usually figure him for a foreign policy and judiciary guy, rather than a big hitter on domestic policy. But take a look at his appearance today with Senator Santorum (R) on Meet The Press. He hits all the key points. Like: "No matter how you cut it, this real debate on personal accounts is about the legitimacy of Social Security; it's not about the solvency of Social Security."
Yes, just so.
Or this: "And the presumption that Social Security can't meet its obligations rests on the notion that the federal government will default, something it's never done in 220 years, on an obligation, on Treasury notes, IOUs, just like the IOUs Japan has and other countries have in terms of buying our Treasury bonds. And so I don't think we'll default."
So true! It was a minor masterpiece of counter-bamboozlism.

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