Notice that "Do Nothing" is not an option
October 16th 10:58:15 PM
A newspaper in Missouri asks: "Which strategy for securing the future of Social Security would you support?" Predictably, many of the respondents are upset that Congress continues to raid the trust fund.
Using the name "cvilla," one reader comments: "[O]ur social security system has been looted for years by the very people who have pledged to serve in our best interest."
It's interesting that when people are forced to make a decision about how to solve Social Security by choosing from a limited number of options, they realize that personal accounts are a great solution to insolvency. This fact does not become evident when people are asked a series of questions but not forced to suggest a solution, which is often what happens in surveys about Social Security.
Social Security's problems do not have an endless number of solutions; they're all in the newspaper's survey. We can cut benefits, increase taxes, create accounts, or combine at least two of these three approaches. Those are the only choices we have. Small wonder, then, why opponents of personal accounts tend to be quiet about how they want to secure our future.
Posted by Ryan Lynch
Comments
It's true that people don't understand the extremely limited number of options we have for fixing SS. Chances are, nobody will be happy with any of the fixes suggested.
But when juxtaposed with benefit cuts and tax increases, PRA's look really nice.
Posted by Jeremy on October 17th 03:43:10 PM
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