According to Reuters, President Bush is shifting tactics.
He’s stopped <$NoAd$>talking up the glories of private accounts and started hitting on what he claims is Social Security’s looming bankruptcy.
But surely no one has less credibility on this issue than him since he’s been crying wolf about this for almost thirty years.
Remember what he was saying in 1978…
[Social Security] will be bust in 10 years unless there are some changes … The ideal solution would be for Social Security to be made sound and people given the chance to invest the money the way they feel.
This is a hanging curveball for anyone who wants to whack it out of the park.