A Stitch in Haste

Pot.Kettle.Black.

In another jab at his chief rival, Democratic presidential candidate Barack Obama says in an ad released Sunday that the country needs an honest dialogue about Social Security in order to fix the system.
...
He accused Clinton, the Democratic front-runner, of dodging tough questions about whether the government should tax workers' earnings above the present cap of $97,500 to help pay for Social Security benefits.

Obama should read the newspapers every so often. Perhaps once a year?

Some other changes that take effect in January of each year are based on the increase in average wages. Based on that increase, the maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $102,000 from $97,500. Of the estimated 164 million workers who will pay Social Security taxes in 2008, nearly 12 million will pay higher taxes as a result of the increase in the taxable maximum.

But of course higher taxes, each and every year, for 12 million Americans is nowhere near enough for class warriors. Neither of any concern to them is the pesky fact that higher Social Security taxes on the rich today simply means higher Social Security benefits for the rich down the road; it does extremely little to alleviate the system's long-term nonviability.

That doesn't matter to Obama. This does:

The ad shows Obama speaking to a group of older people who quietly nod as he tells them that, with 78 million baby boomers projected to retire, Social Security will pay more money in benefits than it receives to fund the system.

A disengenuous moral defective, pandering to a gaggle of greedy ignoramuses, attacks his rivals for not pandering to them enough?

"The American Century" is unarguably over.