True Lies

On the day the trust fund is exhausted, Social Security revenue will cover about eighty percent of the cost of benefits. Right now -- today -- if you look at the U.S. government outside of Social Security, revenue covers only about sixty-eight percent of total government spending. So on the day the trust fund is exhausted, forty-seven years from now, Social Security will be in better financial shape than the rest of the U.S. government is today. That's Economist Paul Krugman talking about George W's latest fake crisis, Social Security. Krugman is interviewed in the new issue of Rolling Stone and lays out pretty directly why our president is lying through his teeth yet again.