AGAIN, WE DON'T NEED TO TOUCH SOCIAL SECURITY TO DEAL WITH OUR DEFICIT PROBLEM

Again, we don't have to touch social security to deal with our annual deficits.

The primary reason why is that our annual budget deficits are being driven - and have been driven - by policies and developments that do NOT have anything to do with social security. Here, check it out ...

And, yeah, our annual budget deficits would be close to "0" if we could erase/amend the policy responses we developed between 2001 and 2009 (think about it as a "Fiscal Ghosts from Administrations Past" storyline).

In case you want to see the what I'm saying another way check out this graph, which explains how we got our budget deficits from Glenn Hubbard, dean of the Columbia Business School.

I've said before and I'll say it again. Going after social security for today's deficit mess would be akin to FDR attacking Mexico after Pearl Harbor. It makes no sense.

- Mark