This is why we all need to read Dean Baker’s Beat the Press column. This alarm bell–“the old are ripping off the young!”–goes off all too frequently. The answer is not, as such histrionics imply, to do less for the elderly, most of whom depend on Social Security and Medicare (Dean also makes the point… Read more
Over at the WaPo. The idea here is that because we are unlikely to acctually default on the federal gov’t’s obligations, I worry that some people are tuning out the debt ceiling debate. But there are good reasons not to do so. First, see the figure in the piece–even flirting with the debt limit distorts… Read more
Over at PostEverything. Far from the looming disaster some like to paint her, she’s going strong and with any of a number of fixes to close the solvency gap, will continue to provide retirement security to millions for as long as we chose to support her.
Read the intro to my new book, The Reconnection Agenda: Reuniting Growth and Prosperity, over at the WaPo PostEverything. Or better yet, download the whole damn book at let me know what you think. You can buy a hard copy–you know, with paper pages, here. [Here’s the cover, which I think is great, by Anthony… Read more
As I stressed on CNBC this AM, Chris Christie’s entitlement plan is not a good plan. It is instead a classic “key dangle” (“look over here, not over there!”), as the folks at Vox nailed yesterday, –While all the attention has been on benefit cuts for wealthier recipients, that part by itself does very little… Read more