Wednesday, February 16, 2011

On Social Security

I can't dig up the Mark Thoma link, but let me second his opinion. There is no Social Security problem in this country. There is a one-time demographic adjustment that normalizes in a few years. Tweak the benefits or make a minor adjustment to funding and it's solvent into the forseeable future.

And yet somehow this has become a reason to slash benefits for the single most effective anti-poverty measure in American history. Well done, everyone. Round of applause.

Graphs coming later.