No Easy Way to Fix Social Security
1st July 2010
Megan McArdle isn’t let marriage soften her brain.
I confess, I fail to see the liberal romance with Social Security. I don’t mean the notion of making sure that old people don’t go hungry. I mean an attachment to Social Security in its current form so strong that it interprets any change in benefit levels as tantamount to implementing an ice floe strategy. The program was implemented in 1935. What are the odds that its structure and retirement age are suitable for the current era?