social security

09.28.07

Soical Security by age 18 Greg Mankiw, Hillary Clinton, politics, social security | (0)
Greg Mankiw asks the obvious of Hillary Clinton's campaign proposal for a $5000 bond for every new-born American: How might this be funded? There are only three groups that could be asked to pay for the new entitlement with higher taxes (or lower benefits): the current elderly, those currently of working age, or the same future generations who are getting the new benefit and are slated to pay for existing unfunded entitlements. Which group do you think Senator Clinton has in mind? This is a seriously lame attempt for the lower-class vote. Honestly a horrible idea, would never work, would crash ...

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