Social Security Under the Bus
The money graf, buried in the middle of the latest NYT story on Social Security "reform":
Proponents of acting soon also argue that changes to benefits or taxes could be delayed so that current retirees and those nearing retirement are unaffected, and yet the promise of future reductions would immediately reassure global markets fretful that the United States’ debt is already its highest since World War II.
An agreement on Social Security “would send a very important signal to the world,” said Robert D. Reischauer, a former Congressional Budget Office director.
In other words, this is how we pay for the NOW NOW NOW financial bailout, and guarantee that the US financial services industry won't have to deal with a collapsing dollar (at least before they've had a chance to--of course!-- leverage their bets against it).
We raid the last remaining treasury. We throw Social Security under the bus.