CatAllArchy.net
Title
Catallarchy
Description
In all the talk of Social Security reform, there’s one important fact that’s overlooked far too often: Social Security can easily be funded at current levels indefinitely, without raising taxes. The only thing unsustainable about Social Security is politicians’ promises to provide each successive generation with longer and more lavish retirements.
The rising costs of Social Security have been driven by two major trends. The first is the increase in the worker-to-recipient ratio. In 1960, there were 4.9 workers for each OASDI recipient (see tables 4.B1 and 5.A4 here). By 2004, the ratio had fallen by a third to 3.3 due to increases in life expectancy and college enrollment.
David Brooks had an interesting op-ed in Sunday’s New York Times and republished in my local paper’s op-ed section. I’d love to link to it directly, but the New York Times has apparently decided to hide a good chunk of their content from anyone who isn’t a paying subscriber. So, instead, here’s a link to the “Pearl Jam Message Pit,” the only search engine result I could find that includes the full text of the article. For those too lazy to read the article there, here is the jist of it:
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English
Contact
- Doss, Brian
-
- Arlington VA
- United States 22201
-
- 703-764-9529
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- Alexa: CatAllArchy.net
