Posted by Laurence Vance on November 4, 2010 08:27 PM
Andrew G. Biggs of the American Enterprise Institute has a plan to save Social Security, or at least prolong its solvency. Biggs, who has previously worked for the Social Security Administration and been the Social Security Analyst at the Cato Institute, wants to raise the early retirement age from 62 to 65. This will “extend the solvency of the Social Security trust fund by about five years” while it boosts the economy and “federal tax revenues.” Oh, and Medicare should be made ”the primary payer of health care for individuals over sixty-five.”
Why do conservatives want to prolong the largest entitlement program in existence instead of hastening its demise? Contrast this with what libertarian Jacob Hornberger, president and founder of the Future of Freedom Foundation, wrote on his blog today about Social Security:
- There is no Social Security fund. There never has been a fund. There
never will be a fund. From the very beginning, Social Security has been
just another socialistic welfare program, no different from food stamps
or agricultural subsidies.
- Social Security is a straight, out-and-out, socialistic program. It’s not a coincidence that the Social Security administration has a bust of Otto von Bismarck on its website. He was known as the Iron Chancellor of Germany. He got the idea of Social Security from German socialists and then introduced it into Germany’s paternalistic, welfare-state way of life.
- Social Security is a straight, out-and-out, socialistic program. It’s not a coincidence that the Social Security administration has a bust of Otto von Bismarck on its website. He was known as the Iron Chancellor of Germany. He got the idea of Social Security from German socialists and then introduced it into Germany’s paternalistic, welfare-state way of life.
Thanks for being part of "PoliticalForum" at Google Groups.
For options & help see http://groups.google.com/group/PoliticalForum
* Visit our other community at http://www.PoliticalForum.com/
* It's active and moderated. Register and vote in our polls.
* Read the latest breaking news, and more.
