Tag Archives | Social Security

Nobody Cares About the Debt (But It Cares About Us)

In response to my speculation that we’re going to end up reforming Social Security by letting it break, several people told me—disapprovingly, which is good for them—that politicians will just fill the gap the way they always have, by borrowing more money. Well, here’s the thing about that. They can try borrowing their way out […]

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The Planning-to-Fail Plan

The little-recognized implication of this year’s election is that we are never going to fix Social Security. The unsustainability of the crown jewel of the middle-class welfare state is well known. As the Baby Boomers get old, there are fewer younger workers paying taxes to support them. The program’s reserves are being spent down and […]

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7 Ways to Roll Back the Welfare State

In my recent critique of “reform conservatives,” I challenged their assumption that it is politically impossible to take on the welfare state, which leads them to conclude that they should instead harness the welfare state for conservative ends. In response, I wrote: The question we need to be asking is not: how can we reform […]

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The Rungs of the Ladder

This year marks the 50th anniversary of the “War on Poverty” (announced in January of 1964) and the “Great Society” (announced 50 years ago yesterday). These were America’s two great experiments in using the power of the federal government to transform and radically improve the country. Fifty years and some 15 or 20 trillion dollars—depending […]

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The Moral Case for Romney-Ryan

What is most astonishing about the debate over the economics of entitlements and the national debt is the complacency on this issue among the political and economic establishment. President Obama has adopted the Alfred E. Neuman Doctrine: “What, me worry?” Paul Krugman, who seems to be on a personal crusade to devalue the Nobel Prize […]

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The Third Rail Referendum

I sat down Friday night to write my own recommendation for who Mitt Romney should choose as his vice-presidential running mate. But it was quite late and I was tired, so I put off the task for the weekend—and thus I was saved from writing the most instantaneously irrelevant column ever. Early Saturday morning, days […]

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