From Ramesh Ponnuru:

In his West Palm Beach town hall meeting, Kerry referenced a new study by Chicago Business School Professor Austan Goolsbee that focuses on Bush’s plan to privatize Social Security. Goolsbee finds that financial institutions, not seniors, stand to gain from Bush’s plan.

“According to the study, the 45 million Americans
who count on Social Security will see up to a 45 percent cut in their benefits . . . .”

Goolsbee tells me he’s surprised the campaign is citing him to predict a 45 percent cut for 45 million people. “That’s weird,” he says. “I don’t know how they got that.” His paper, he says, didn’t deal with benefit levels.

Maybe Kerry got that info from Dan Rather’s source.