Jump-Starting or Short-Circuiting Entitlement Debate?

An article in today's Wall Street Journal, On Deficit Cutting, Skeptics Abound remarks that the President's FY 2008 budget projections "still don't account for several big potential budget-busters, as budget analysts and Democratic critics were quick to note yesterday," making the point unflinchingly in this graph: Inexplicably, however, the article closes with what appears to be a stray talking point from an administration official (perhaps dated January, 2005?): To jump-start the debate over entitlements, Mr. Bush again is urging Congress to create new private accounts for future Social Security recipients. End of discussion.
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