No new FICA taxes – Personal savings accounts have been abandoned, and now the fear is President Bush is going to raise taxes to strike a deal on Social Security reform. The Wall Street Journal calls that “Not so Grand Bargain.”

More SS fun – From Greg Mankiw, in a survey of economists “85.3 percent agree that "the gap between Social Security funds and expenditures will become unsustainably large within the next fifty years if current policies remain unchanged.”