- Top Features:
- War Room
- Glenn Greenwald
- Broadsheet
- Joan Walsh
- Camille Paglia
- Since You Asked
- Follow Salon:
Read other letters about this article
about his ARM comments, and he insisted that he had been quoted out of context on them, saying that he felt at the time an ARM would be a good deal if you knew you could get out of the mortgage in a couple years. So it wasn't a flat endorsement (or so he claimed). If that's in fact true, the penguin is wildly overstating his case. As to his ridiculous comments about the alleged regressiveness of increasing taxes on wage earners to fund Social Security, the penguin needs to remember the basic politics of Social Security: everyone pays in and everyone gets a return (supposedly), a necessary sop lest it become tagged as a wealth redistribution scheme (which it is), vote-buying with a glossy cover letter.
