Phase-out or bust, WSJ declares

The paymasters in the Republican Party showed their Social Security hand in today's Wall Street Journal, declaring they want no part of any political compromise that doesn't center on the phase-out of guaranteed benefits.

For the Journal to cut off Bush's political get-out-of-jail-free card, the Republicans must be really worried that their attempt at legislative maximalism is imploding so badly that Bush would consider saving political face by issuing yet another entitlement. This article is a sign of panic...