Courtesy of Greg Mankiw comes this bit of news from Sen. Barack Obamas campaign:
Obama is confident that we can come together to find a workable solution. He believes that one strong option to improve Social Security's long-term solvency is asking people who earn more than $250,000 to pay a little more into the system. But Obama will not raise the retirement age or reduce Social Security benefits.
There's three sliders that you can move on the Social Security "lockbox": Reduce benefits, raise the retirement age or increase taxes.
Obama's choosing to increase taxes.
Of course, if you've pledged to lower taxes on the bottom 95 percent of Americans, then you can only increase taxes on the top 5 percent -- and there's not enough money in the top 5 percent to make Social Security solvent even if you took all of it.
I said yesterday that Obama would raise your taxes -- and I was right.