In recent debates GOP presidential rivals have been sparring on Social Security, with some (Rick Perry) insisting it’s a “Ponzi scheme” that should be decentralized (run by fifty states), and others (Mitt Romney) conceding that it’s shaky and needs “reform” but isn’t fraudulent because “millions of people depend on it.” (Mitt Romney). Another (Herman Cain) says privatize it, as Chile did. They’re all wrong, because they don’t name the real problem with the system – and they forego an easy fix that might boost their election chances.
Read Full Article »
