George Herbert Walker Bush has just been elected over Michael Dukakis. His first priority? How to fix Social Security, which has gone completely broke. Maybe Bush will choose a plan where workers can invest their own money, or maybe he'll have to raise payroll taxes...
Wait a second. This didn't happen. Social Security didn't go bankrupt in 1988. Wherever did I get this idea?
From a young congressional candidate named George W. Bush, that's where:
According to a July 28th, 2000 article in USA Today, back in 1978 when President Bush was running for congress in Texas, "he predicted Social Security would go broke in 10 years and said the system should give people 'the chance to invest money the way they feel' is best."
So Bush was dead wrong in 1978 about Social Security. Any chance he's gotten any better with his math 27 years later?