Monday, January 01, 2018
Again, calls for means testing social security come back as another debt ceiling debacle shapes up for early 2018
Nick Sorrentino opines in “Against Crony Capitalism” about social security today, how unsustainable it is, and how rich people shouldn’t collect benefits on workers’ backs. He claims richer people are collecting more than they put in because of interest rate spreads. But actually when the system was created, the first beneficiaries had put in nothing.
“This Can’t Go On” he writes. Right now, the Republicans run scared in talking about it, until the next debt ceiling debate comes back.
And the Treasury’s “extraordinary measures” could run out by the end of January 2018, even though the media seems too sinful to notice.