Why Social Security Shouldn't Be Job #1By
Some good stuff from Brad DeLong, who argues that too much emphasis is being put on Social Security reform. He writes
Why is the American political system focusing its attention on Social Security? Is this really the aspect of American fiscal policy that should be absorbing our attention right now?
The answer is that we shouldn't. We shouldn't be focusing on Social Security right now.This comes from a memo that he wrote to the Democratic Policy Committee on Social Security. I have some issues with Brad (including his use of the term 'reality-based' to describe his views), but the memo is well worth reading.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- The Two Words That Will Help Get an Airline Upgrade Over the Phone
- Brighter U.S. Growth Outlook Emboldens Fed on Rate-Hike Course
- Stocks Turn Lower, Dollar Rises After Fed Minutes: Markets Wrap
- Risky Crypto Bet Dents Dennis Gartman's Retirement Account
- Apple in Talks to Buy Cobalt Directly From Miners