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September 28th, 2010 11:56 pm
I’m All In … With Your Money
Posted by Print

Today’s quote of the day comes from former Clinton Labor Secretary Robert Reich, who — in a remarkably dishonest attack on conservative economics at the Huffington Post — pulls out one of the oldest rhetorical tricks in the book, making a prediction he’ll never be held accountable for:

Look, I used to be a trustee of the Social Security trust fund. Believe me when I tell you Social Security is basically okay. It may need a little fine tuning but I guarantee you’ll receive your Social Security check by the time you retire even if that’s forty years from now.

Put aside that the substance of Reich’s argument is “trust me”. The 64-year old Reich is writing a check that his actuarial table can’t cash. May Secretary Reich live to be 104. That’s a good age for humility to kick in.

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