Chutzpa
I try to avoid blogging on domestic politics, but this is story has an Annenberg connection so I figure it's OK. Also, it's just so brazen:
Democrats have been using a web-based "calculator" to generate individualized answers to the question, "How much will you lose under Bush privatization plan?"...
In fact, the calculator is rigged. We find it is based on a number of false assumptions and deceptive comparisons. For one thing, it assumes that stocks will yield average returns of only 3 percent per year above inflation. The historical average is close to 7 percent. The calculator's authors claim that they use the same assumption used by the Congressional Budget Office. Actually, CBO projects a 6.8 percent gain.
I don't have enough game on the Social Security debate to confidently express a viewpoint one way or another. But I do know bold-faced lying when I see it (via Blogs for Bush).
Democrats have been using a web-based "calculator" to generate individualized answers to the question, "How much will you lose under Bush privatization plan?"...
In fact, the calculator is rigged. We find it is based on a number of false assumptions and deceptive comparisons. For one thing, it assumes that stocks will yield average returns of only 3 percent per year above inflation. The historical average is close to 7 percent. The calculator's authors claim that they use the same assumption used by the Congressional Budget Office. Actually, CBO projects a 6.8 percent gain.
I don't have enough game on the Social Security debate to confidently express a viewpoint one way or another. But I do know bold-faced lying when I see it (via Blogs for Bush).
