Yep, Kevin's right. On Social Security you can't trust the Cato folks as far as you can throw'em. On other issues, they may be wrong. But that's just a difference of opinion. On this one they're wrong and full of it too. Kevin looks at their privatization calculator.

Meanwhile, TPM reader KL notes Cato's declining standards of rhetorical hygiene. Use the search function on Cato's SocialSecurity.org to find the word "privatization" and it pops up 1427 documents.