Let's Elect Another Madman

On Monday, John McCain, in a question-and-answer session with voters, seemed to question the entire premise of Social Security as we understand it. He said: "Americans have got to understand that we are paying present-day retirees with the taxes paid by young workers in America today. And that’s a disgrace. It’s an absolute disgrace, and it’s got to be fixed." By any standard, this statement ought to make news. The funding mechanism to which McCain objects—“paying present-day retirees with the taxes paid by young workers”—constitutes the basic principle of the Social Security program since its inception. Welcome to America in the 21st Century! http://www.cjr.org/campaign_desk/mccain_vs_accuracy_round_17.php ps: do we detect more of Phil Gramm's economics here?