Bob Weir, a former New York City police detective, now a newspaperman, has a better understanding of economics as it relates to Social Security than Paul Krugman, Princeton UJniversity economist and former adviser to Enron.

Yesterday, Weir wrote here about George Bush's plans to privatize Social Security before its inevitable collapse. Meanwhile, over at the New York Times, Paul Krugman offers a preview of the coming political/culture war on the subject, claiming because Social Security is a government program that works, Bush and the conservatives want to destroy it. 
 
Social Security is just one of the many reasons that the elderly no longer are inevitably poor. But as Weir also points out it is a Ponzi scheme that is no longer sustainable; a high tax system whose burden falls mainly on those who can least afford it.
 
Obviously a system only Democracts could love and want to expand.

Ethel C. Fenig   12 8 04