National debtWhy should Social Security, Medicare be off table?
If you follow policy debates long enough, arguments you never thought you’d hear can become key components of the two parties’ policy platforms. That’s certainly the case when it comes to some
Recently, newly elected GOP Sen. J.D. Vance of
Now, to be fair, the GOP’s well-intentioned engagement in the overall debt-ceiling dispute is limited by the short time
I cannot wait to hear the grand plan that the “don’t touch
Of course, if Vance and friends insist on not touching benefits, they could address the
It’s not as if we haven’t been warning politicians that these troubles were brewing. Back in 2000, roughly when I started working on fiscal issues, experts already warned that the
In other words, these problems shouldn’t surprise anyone. When
there were more than 16 workers for every beneficiary. That ratio is now below three workers per retiree and will be only 2.3 workers per retiree by 2035. Add to this trend decades of politicians buying votes by expanding benefits beyond incoming payroll taxes and you have a true fiscal crisis on your hands.
That’s why it’s so alarming that so many in the
There’s no question that retirees deserve fair treatment, but the facts are that the Supreme Court ruled in 1960 that workers do not have a legally binding right to
It’s magical thinking to say that touching
The GOP’s transformation into the party of big and fiscally reckless government is proceeding apace.
Fixing Social Security and Medicare isn’t the Republicans’ goal
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