Three score and ten years ago - Blog Americana notes that Social Security was structured during a time when most homes didn’t have electricity, yet it's impervious to modern-day restructuring.
Update – Just for the record, Paul Krugman wasted his Social Security article today with the typical sniping at the Bush Administration and (still!) not a single proposed measure that might extend the program’s solvency. Matt Hoy has updated his banner and it’s now been 217 days since Krugman first promised “in the next few weeks” to “suggest steps to strengthen the program.” Still waiting.
1 comment:
Actually Krugman gave his plan for SS in his recent go round with Hubbard and Peterson in Harper's...
"KRUGMAN: I think we tinker at the edges with the benefits..."
... and increase taxes to 28% of GDP.
Maybe he didn't think that's enough to fill a 700-word column.
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