Is Social Security “Cashflow Negative” This Year? Yes and No
Yikes, there is a subtlety in the Social Security debate that just bit me in the buttocks. (Fortunately we all have health care now.) I am participating in another “Public Square” debate, like the one I did earlier on the New Deal. (The links to that earlier debate are dead; I don’t know what the […]
Read moreMurphy Triple Play
Sorry kids, I’m still catching up on all my “real work” so I can’t resume blogging. In the meantime, here are some things you might enjoy: * My AOL piece explaining that Social Security is already broke. (Warning: If you don’t want to get a jillion emails, don’t write an article for AOL.) * My […]
Read moreAn Idea for Libertarian-ish Social Security Reform
How about this? The government says to current workers, “OK, we will pay you the present discounted value of what we owe you actuarially for Social Security at the current benefit scale, but we will throw on a 50% penalty. Do you want to take the deal?” Presumably millions would. Then the government says, “OK, […]
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