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Social Security deal of 1983 was a punt

The Holy Grail of politics is a ‘grand bargain’ on Social Security in which both parties agree to a mix of benefit cuts and revenue increases that will stabilize the system for the foreseeable future. Pundits and politicians point to the negotiations which saved Social Security in 1983 as a model of success to imitate.  Obama even invoked the memory of 1983 Reform during the 2012 Presidential Debates. “Social Security is going to have to be tweaked the way it was by Ronald Reagan and Speaker — Democratic Speaker Tip O’Neill.”…Read More

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