Yesterday, during a Democratic forum, Governor Tom Vilsack suggested that Social Security should be indexed to prices instead of wages to extend the program's solvency. From his campaign blog:
I believe that Social Security and Medicare are too important to ignore. We have to fix the long-term solvency and we have to consider a variety of options. I talked about some of those options yesterday.And why not? All that price indexing means is that the Social Security benefit paid out to retirees today will have the same purchasing power as in the future. See, wasn't that easy? Apparently not for some blogs on the Left who reflexively oppose any Social Security reform where the current path to bankruptcy shall not be challenged. For example, here's an odd criticism towards egalitarianism:
Or, in short: within 80 years or so, Social Security becomes a program in which no one gets more than what the poor get today.Yeah, the rich deserve more!
3 comments:
He must have made too much sense.
He's out already.
"They" got to him!
So are the liberals now asserting that wages are outpacing inflation?
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