Saturday, April 23, 2005
Dan Froomkin at the Washington Post provides a smile for the morning. President Bush delivered yet another speech earlier this week touting his "plan" for privatizing Social Security.
In one of the least-covered presidential speeches of recent history, Bush dropped by the Grand Hyatt hotel yesterday to talk to the Independent Insurance Agents and Brokers of America.
... "So instead of having a trust, we have a pay-as-you-go system, and that which exists in the system is a filing cabinet, or a series of filing cabinets, full of IOUs. In other words, we've got paper."
The irony of the president of the United States mocking the value of promises represented by pieces of paper -- in front of an audience full of insurance agents! -- was apparently lost on everyone, including the journalists in attendance.