Tuesday, July 20, 2010

The Phantom Menace of Social Security

There's an oddly comforting discussion posted at Columbia Journalism Review.

Yale Professor Ted Marmor lets the air out of a few of the more common depictions of Social Security.
Trudy Lieberman: What do you say to young people who believe that Social Security won’t be there for them?

Ted Marmor: They are being misled. If the proportion of Americans living beyond sixty-five is rising, as is the case, and if their voting strength will increase, as will be the case, why should their promised pensions be endangered? Put another way, if Social Security is a sacred cow, why will it be sacrificed when its worshippers are more numerous?
Interesting stuff.

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