Saturday, October 18, 2008

Obama on Social Security: "I won't raise the retirement age, and I won't cut benefits"

So just what IS your "workable solution" to ensure adequate funding of the Social Security program, Senator?

Andrew Biggs:

"There's a big mathematical hole in Sen. Obama's plans for Social Security. While Obama is vague about the exact tax rate he would apply to people earning over $250,000 and whether they would receive extra benefits in exchange for the new taxes, a best-case scenario is that Obama's plan would fix around 15% of the long-term deficit, adding 3-5 years to the life of the trust fund."

Ah, c'mon Mr. Biggs.

Don't you know a messiah can perform miracles like raising people from the dead?

Certainly, some little trick like raising Social Security from the dead is well within reason, isn't it?



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