Wednesday, April 25, 2012

Barro - How to Fix the Social Security Solvency Crisis for Just $49.99


Or, we could just admit that the Trust Fund balance is arbitrary and bears no meaningful relationship to the government’s ability to pay Social Security benefits.
Read it at Forbes
How to Fix the Social Security Solvency Crisis for Just $49.99
By Josh Barro


Government spending, for currency issuers, is never revenue constrained. The decision to continue paying Social Security benefits, at any level, is ultimately a political choice about the desired amount of government spending and the portion of that amount which is dedicated to Social Security.

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