One more reason not to trust Republicans on Social Security

by Prometheus 6
March 10, 2005 - 9:03am.
on Economics

Dumb and Dumber, Part II

On Monday we reported Sen. Chuck Hagel's astounding misunderstanding of his own plan to overhaul Social Security. The senator spent the day gallivanting around telling people that he was calling for private investment accounts of up to 4 percent of everyone's payroll tax, when in fact his plan calls for private accounts of as much as 4 percent of total salary, or roughly 30 percent of total Social Security taxes.

If Hagel wants to go around mischaracterizing his own proposed legislation, then more power to him.