From Neal's Nuze: The rumors are growing that George (not a conservative) Bush is going to go along with the Democrats and nail us with a huge Social Security tax increase. This editorial from the Wall Street Journal is a must-read.
The chart is a must see, too.As for the politics, Republicans might take note that AARP, the liberal senior lobby, is already calling a tax increase essential to a "balanced plan" for Social Security. And in a perverse way they're right: Such a plan would raise taxes on moderate-income Republican voters in return for cutting the benefits on those same Republicans. No wonder Democrats like the idea.