Quote of the Day

...we only have to fix Social Security once.

The size of that fix is significant, but not astonishing. Over the next 75 years, the shortfall will be equal to about 0.7 percent of gross domestic product. How much is 0.7 percent of GDP? To put that in perspective, the Center on Budget and Policy Priorities calculates that it's about as much as George W. Bush's tax cuts for the rich will cost over the same period. Saying we can afford those cuts -- which is the consensus Republican position -- but not Social Security's outlay is nonsensical. Coming up with 0.7 percent of GDP isn't a crisis. It's a question of priorities.

~Ezra Klein