Mike Tanner is director of the Project on Social Security Choice at the Cato Institute.
If anyone doubts the pitiful state of current American political debate, they need look no farther than the reaction to Federal Reserve Chairman Alan Greenspan's testimony that Social Security cannot pay the level of benefits it has promised. Across the political spectrum, politicians reacted like Claude Raines's character in Casablanca who was shocked-shocked!-to find gambling going on at Rick's place.
If anyone doubts the pitiful state of current American political debate, they need look no farther than the reaction to Federal Reserve Chairman Alan Greenspan's testimony that Social Security cannot pay the level of benefits it has promised. Across the political spectrum, politicians reacted like Claude Raines's character in Casablanca who was shocked-shocked!-to find gambling going on at Rick's place.
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