Social Security is a Sinking Ship


Friday February 4th, 2011   •   Posted by Emily Skarbek at 11:05am PST   •  

A wonderful graphic by Third Way is available here showing the path of Social Security towards insolvency.

Jim Kessler and David Kendall advocate:

“a ‘Savings-Led’ Social Security reform plan that actually increases the program’s progressivity. Our plan makes roughly two dollars in benefit reductions for every one dollar in revenue increases, and achieves solvency while enhancing economic growth.”

I am highly skeptical this proposal can achieve what it claims and I oppose these policy measures. Instead, I advocate allowing individuals to choose where to place their savings rather than rigging up a scheme to coercively attempt to make the Titanic float.

HT: William Shughart II




Facebook Twitter Youtube RSS

Search


By linking to Amazon.com from this page, The Independent Institute earns referral fees of 4% to 15% from whatever you buy. Bookmark the above link and you can support the Institute when you do your normal shopping!

TIR

Categories

February 2011
S M T W T F S
 12345
6789101112
13141516171819
20212223242526
2728