Krugman: Destroying Retirement In Order To Save It

[ProSense]

Destroying Retirement In Order To Save It

Bowles-Simpson, the revision, is out. It has not improved.

I think it is worth pointing out that like so many proposals from that side of the political spectrum — for this is, very much, bipartisanship as a compromise between the center-right and the hard right — this one involves a fundamental piece of strange logic. Namely, it argues that in order to head off the dire prospect of future cuts in Social Security benefits, we must … cut future Social Security benefits.

Also: in response to the point many of us have made about raising the retirement age — that only the affluent have seen life expectancy rise faster than the retirement-age rises already in the law — the plan promises special exemptions for those with physical hardships.

Let’s think about that. Right now we have a retirement system that has the great virtue of not being intrusive: Social Security doesn’t demand that you prove you need it, doesn’t ask about your personal life, doesn’t make you feel like a beggar. And now we’re going to replace that with a system in which large numbers of Americans have to plead for special dispensation, on the grounds that they’re too feeble to work for a living. Freedom!

[OHdem10]

1. Right on spot.

[ProfessionalLeftist]

2. Republican logic is of course, as per usual - illogical. n/t

[Supersedeas]

3. Erskine Bowles will forever be remember for this pile

[Lance_Boyle]

4. Ermine Bowel won't be remembed by anybody for anything.

How many turds have you flushed in a lifetime? How many of them do you remember?

[JCMach1]

5. Just say no to the shock doctrine austerity plan for America