Yesterday Paul Krugman wrote a blog piece about how most Washington DC political reporters are totally incompetent, ignorant or uninterested when it comes to understanding actual policy issues.

Today, NPR's David Welna provides Krugman's point perfectly. Welna totally botches basic facts in his story "How Payroll Tax Cut Affects Social Security's Future" that ran on December 7th's Morning Edition. Much worse, he actually labels and numbers three central facts, all of which turn out to be false. Briefly, this is not the first year Social Security paid out more than it took in. This is not the first year baby boomers have collected retirement benefits. And no  the payroll tax holiday legislation did not and does not reduce Social Security's revenue.

Details....