I was at Hagel's speech too and coverage of the event was just horrible. Viewers and readers alike got no sense at all of the generally negative reception that private accounts received. I wrote about it on the Nebraska politics/media blog I'm trying to start up:
http://newnebraska.blogspot.comAs for the rising retirement age being a cut in benefits, I'd agree. But at least on this end, Hagel was being somewhat up-front with only a minor bit of self-contradiction. The same doesn't apply with the Private Accounts plan, which is poorly justified with nothing but soundbytes to back it up while being so full of hidden costs that no American but the New Deal-hating ideologue would ever support it with the full numbers before them.
Unless, of course, the Bush Administration knows something the rest of Americans don't. Oh, they love it when we think that - already milked a war out of it. Who says we won't be fooled again?
Meet the new boss,
KLM