Feb 1, 2005: Catch-22: "In today's New York Times, Paul Krugman nails the fundamental Catch-22 of the Republican Social Security privatization scheme.

In a nutshell, when privatization advocates talk about the benefits of their plans, they assume extremely rosy economic growth for the next 75 years. Unrealistically rosy growth. But if their daydreams come true, then the 'crisis' they claim Social Security is in disappears, too — the economic growth is more than enough to cover the modest problems the trust fund faces down the road.

In other words, their 'solution' only works if the 'problem' disappears."

(Via DNC: Kicking Ass.)