How about "Social Security"? There's nothing secure about it. While Senate Majority Leader Harry Reid scoffed during the Bush years that "the so-called Social Security crisis exists in only one place -- the minds of the Republicans," the insolvency problem festered. Now, the Obama administration reports that both Social (In)security and Medicare are hurtling toward bankruptcy far sooner than previously estimated. The "trust funds" exist only in the minds of the deluded.
And just this week, Congress collaborated with the White House to conjure up a misleading description of Obama's $108 billion bailout of the International Monetary Fund. They're advertising the expenditure as a "line of credit" with the "hope to get the money back," according to the Wall Street Journal. "So the White House argued that the budgetary impact should be calculated at zero." That's right. Capitol Hill is officially claiming that $108 billion = zero.
If Beltway spending plans were breakfast cereals, they'd be yanked from grocery stores in a heartbeat. Their promises and premises are as full of holes as a box of persecuted Cheerios.
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