Time to face reality

OK, so Dubya recognizes that personal accounts are going nowhere: Republicans are shaky and the Democrats are united against them. But Americans realize that there’s a fiscal Titanic in the future and that changes made now will ameliorate the hard crash that occurs when all the IOUs are gone. From the NY Times: “Bush to shift his Social Security focus to solutions.” We’ll see what happens now.

I have to admit: I’m getting increasingly pessimistic. I’d like to believe that the politicians will act like responsible adults and take the necessary steps to reform entitlements. But the Republicans lack the courage of their convictions while the Democrats are committed to obstruction above everything.