Monday, August 16, 2010

Conservatives on the attack


Republicans have been trying to kill Social Security since its birth. The program's success undermines their ideological belief that government by definition can do nothing right. Today Paul Krugman examines the math behind their claim that the program faces financial deficit unless something is done to trim benefits. Let us hope that Congress reads The New York Times.

Raising the retirement age or cutting the benefit pay-out are the reforms favored by the Right. Of course, another way to react to a supposed looming deficit would be to lift the cap on earnings from its current level of $106, 800. Or, we could reduce our bloated defense budget and re-direct the savings to Social Security.

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