« Where In The World Is John Kerry? | Home | It’s “Capture The Moment” »
Kudlow on Bush’s Social Security Proposal
By Matt Margolis | January 5, 2005
Check out Larry Kudlow explains the Bush administration’s potential changes in social security:
Substituting personal saving accounts for social security benefits will permit beneficiaries to recoup benefits over the long run. In effect, the idea here is to substitute market returns for what are really non-existent social security returns.
Kudlow, however, suggests this alternative:
If I had a choice, I would prefer to raise the retirement age over time, as a benefit reduction measure. I don’t have all the facts on this, but I think a retirement extension with a population that lives longer would be easier to sell politically than a swap from wage indexing to price indexing.
Topics: General |
Related Posts:
Comments are closed.