August 15, 2005
WHERE IS THIS REALITY BASED?:
Social Security Lessons (PAUL KRUGMAN, 8/15/05, NY Times)
Just a few months ago the conventional wisdom was that President Bush would get his way on Social Security.
What convention was he at? Barring a 60 seat GOP Senate the first bit of reform is destined to be gradual--so long as it has any form of pewrsonal accounts and some means-testing it'll be a huge victory.
Posted by Orrin Judd at August 15, 2005 6:05 AM
Comments
The problem he has is that the Social Security system is in an unstable equilibrium. Any change will inexorably snowball, and they know it, so they insist that nothing change.
Problem is, this is the real world, and there's a demographic avalanche thundering down---it just hasn't arrived yet.
Posted by: ray at August 15, 2005 9:09 PM