Sunday, November 25, 2012

About those entitlements - In "None Dare Call It Default." Holman Jenkins notes that they're going to be cut or otherwise diminished by inflationary policies.  And there's nothing you can do about it: "Don't go running to a judge when this doesn't pan out. The courts do not overrule changes in government policy just because citizens find their promised free lunch isn't forthcoming."  On this point, n.b. "Flemming v. Nestor": you have no contractual right to Social Security benefits.

1 comment:

Anonymous said...

Today's parties try to attract the 35 million seniors with their mutual Medi-scare. But the politicians of the defaultable future will boldly piss off the 50-55 million seniors without the slightest concern for their electability.

Because math is math, and the formula of Social Security has always been permanent, and as unchangeable by man as the Arctic ice cap... okay, bad example.