Innumeracy

If our press can't even get the simplest goddamn things right, we're doomed.

WASHINGTON Jan 4, 2005 — The Bush administration is focusing on a Social Security proposal that would allow younger workers to invest up to 4 percent of their payroll taxes in private accounts, with contributions limited to about $1,000 to $1,300 a year, an official said Tuesday.

4 PERCENTAGE POINTS. NOT 4 PERCENT.

argh