November 14, 2011, 8:56 AM
Superfraud
It’s a bird! It’s a plane! It’s a turkey!
I thought I had worked out all the worst-case scenarios for the supercommittee (there was never a best-case). But this is even worse than my worst imagining: a deal to undermine key social insurance programs in return for a promise that Congress will come up with a plan for raising revenue at some future date. If you think that promise has any credibility whatsoever – if you have any doubts that the end result would be to gut Social Security and actually cut taxes for the wealthy – I have this Nigerian bank account that can be yours if you send me $100,000 in expenses.
The worst of it is that Democrats might actually go for it.
http://krugman.blogs.nytimes.com/2011/11/14/superfraud/