Wednesday, January 05, 2005

Numbers Con

I've long maintained that every child should have to take two classes before graduating high school (in addition to core curriculum): media criticism and statistics. Here's why: the stupid AP (or asspress as skippy calls them) is wrongly reporting that the (still unseen) Bush proposal on social security would allow workers to invest 4 percent of their payroll taxes in private accounts. WRONG! Its 4 percentage points of the 12.4 percent of payroll taxes (workers pay 6.2%, matched by employers) or about 30 percent. Atrios got first dibs, but read Josh Marshall's piece for more.


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