Social Security has become a trillion dollar weight dragging down our economics and politics. On the one hand, according to the Social Security administration itself, the program will be insolvent within a decade. On the other, we can’t shut it down without condemning many elderly to destitution. This week, we talk about a plan that would phase out Social Security, do it without cutting benefits to current retirees, leave future retirees better off, and save the government money. The catch is that the phase-out requires many decades.

 

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Quick Hits and Foolishness of the Week

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https://apnews.com/article/2022-midterm-elections-new-york-alexandria-ocasio-cortez-queens-congress-7e1d71dec55714872f60a4f34d02b7d7

https://www.washingtonexaminer.com/news/house/aoc-laments-insane-cost-of-being-congresswoman

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https://www.dailymail.co.uk/news/article-11022021/Jill-Biden-voices-frustration-Joes-lack-progress-White-House.html

https://s3.documentcloud.org/documents/20407226/bidens-dissertation.pdf

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