Where is is written that anyone who reports on Social Security has to be a complete moron?

WASHINGTON (AP) - The Bush administration is focusing on a Social Security proposal that would allow younger workers to invest up to 4 percent of their payroll taxes in private accounts, with contributions limited to about $1,000 to $1,300 a year, an official said Tuesday.

OK, ladies and gentlemen of the press, let me walk this one past you real slow-like.

The maximum FICA payroll tax for 2004 was roughly $5500. If Boy Blunder was proposing what AP reported (a cap of 4% of payroll taxes), that would be about $220 a year, and no one would give a rat's ass one way or the other. The Robber Baron in Chief seems to be proposing 4% of FICA salary for privatization -- which is roughly two-thirds of the employee portion of payroll taxes.

There. That wasn't so hard, was it? Now I will sleep soundly, knowing you are out there protecting my interests with your zealous search for the truth.