Tuesday, December 23, 2014

Smith: Social Security deal of 1983 was a punt

Writing in The Hill, Brenton Smith of Fix Social Security Now argues that the 1983 bipartisan deal to fix Social Security, which some have cited as a blueprint for current reformers to follow, was in fact a “punt” that pushed most of the costs of reform onto future generations.

Check it out here.

1 comment:

WilliamLarsen said...

Brenton has clearly articulated the 1983 big fix was just a kick the can down the road. They knew in 1983 that the changes would not solve the problem and also knew that when the trust fund would be exhausted in 2064 that the problem would be much more difficult to manage.

Now we face a much larger problem. Clearly there is no painless solution to Social Security. The question is who is responsible or should be held accountable for the mess? Should current beneficiaries be held responsible or should future workers be held responsible?

The war between generations may be at hand. Seniors have for decades proved they are a voting block, but only because they as a whole voted in larger percentages. The young potential voters out number all boomers and seniors combined. When will the single largest potential voting block finally wake up and vote?