Angry Bear is runs the go-to series on Social Security -- you know, the "entitlement reform" that Versailles, including the administration, is so enthusiastic about. Bruce Webb, who covers Social Security, responds to the latest round of tendentious pearl-clutching from the usual suspects:

Now there are some valid questions about whether the U.S. can sustain a Public Debt load that is as of last Friday $11,920,519,164,319.42 and projected to grow at $1 trillion a year for the next 10 years. On the other hand people who are using legalisms to tell you that somehow the $2.5 trillion of that $11.9 trillion that is owed to current workers and retirees is in a junior debt position to the $800.5 billion owed to China are blowing smoke. Legally, morally and even more important electorally the claims of American workers and retirees are if anything better than those of the Chinese Central Bank.