Monday, February 07, 2005

Cheney fesses up

And Josh Marshall noticed.

"We're going to borrow $758 [b]illion over the next 10 years to set up the personal retirement accounts. We think that's a manageable amount ... Trillions more after that," Cheney said, acknowledging that the personal accounts will help younger workers but will not solve all the problems of solvency.

They want to borrow trillions of dollars to do something that they admit won't solve the problem.

They only question is: why is the press treating this as a serious proposal instead of as the object of mockery that it so manifestly is?

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