No. of Recommendations: 2
Hawkwin: "Of course, but in practice, trying to take such away, even something as simple as a change in the method by which CPI is calculated, makes it effectively earmarked for those expecting benefits.'

Ask Dan Rostenkowski.

"I believe we would sooner cut defense spending in half before we let SS fail or suffer at 25% haircut."

The voters, maybe? The superwealthy and the Republicans they elect, I doubt very much.

'Much like ACA, the young will end up oversubsidizing the old."

That is the whole point of SS! From inception until 1983, it was pay as you go, and clearly involved a subsidy from those with earned income (paying SS tax) to those collectiong SS. Since 1983, there has been surplus revenue, but no one has seriously claimed that the plan would be "actuarilly sound" like a real pension plan, so it is stil a subsidy.

Regards, JAFO
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