Bamboozlement, 2007

Dean gets all crabby with the Wall Street Journal. As well he should. Beat The Press (04.23.07):

"The Wall Street Journal told readers today that, according to the SS trustees, it would take a 16 percent increase in Social Security taxes to make the program solvent over its 75-year planning period.

Most people don't know that the current size of the SS tax is 12.4 percent (6.2 percent on both the employee and employer), so when they read this article they probably thought that it would take a tax increase of 16 percentage points rather than 1.95 percentage points [ed. - which means an employee would see about a 1.0% increase in what he or she would have to pay.] under the trustees projections."

Scaring People on Social Security

More from Dean here.