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Let’s Talk About Real Issues
The debt, entitlements must be addressed by presidential candidates
A couple of weekends ago, the Republican State Committee held a “beauty contest” in Nashua featuring most of the mentioned candidates for president, announced and unannounced….New Jersey Gov. Chris Christie gave a serious, thoughtful and brave speech about reforming Social Security, a subject sometimes known as the “third rail” of American politics. Indeed, some candidates, notably Democrats, scream bloody murder every time anybody talks about reforming it, without examining the proposals seriously. Christie, promising more substantive discussions in the future on other real issues, proposed a higher age for electing Social Security, adjustment to benefits, adjustments to the amount of income to which the Social Security tax applies, and even means-testing Social Security so that future retirees with sufficient income will not receive benefits….Unless voters ask candidates questions about Social Security and other entitlements, balancing the budget and containing the debt, the United States faces an economic crisis in the not-too-distant future that will use up all of the available resources merely to pay interest on the debt. Read more…