Josh Marshall is right when he says that today's WaPo article on Social Security privatization starts badly, but once you get past the first graf or two, it's actually pretty good -- noting, for example, that the unfunded liabilities of the Bush tax cuts are nearly three times those of the Social Security trust fund that's supposedly in so much trouble, as well as the fact that the twenty-seven percent "cut" that supposedly looms in the out-years would actually leave recipients with higher benefits than they're getting now, even adjusted for inflation. In other words, Social Security is a much smaller fiscal problem than the one that Mr. Bush has created for himself, and even if the ultimate nightmare scenario were to come to pass, beneficiaries would still be better off in the future than they are today.

Some crisis, huh?

POSTSCRIPT: Hey, here's a thought: Maybe President Bush could hire David Kay and his team to find the Social Security crisis. Those guys know all about this administration's politically motivated snipe hunts. . . .