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Elite conventional wisdom is losing on Social Security
In the past two weeks, two radically different proposals for the future of Social Security have provoked widespread discussion in the media.
One proposal was made by President Barack Obama, as part of his proposed budget. This called for using inflation adjustments to deprive the middle-class elderly of nearly 10 percent of their promised Social Security benefits if they lived to their 90s, while only the poor would be shielded from the cuts. Obama’s proposal was angrily denounced by progressives and conservatives alike. Read more…
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