http://mediamatters.org/WSJ editorial misled on Social Security benefit cuts
In a February 4 editorial, The Wall Street Journal misleadingly claimed that President Bush's plan to allow workers to divert Social Security payroll taxes into private accounts would not result in benefit cuts. The editorial stated: "For the President's fellow Congressional Republicans ... addressing Social Security means explaining the matter to constituents who will hear from Democrats that their benefits will be cut. Never mind that this is false, many GOP incumbents would rather just pass one more highway bill." In fact, "Model 2" from Bush's 2001 Commission to Strengthen Social Security -- which is widely expected to form the basis of the plan Bush will propose -- prescribes benefit cuts for all Social Security beneficiaries, and the Bush White House has also officially advocated a reduction in traditional benefits for private account holders.