Solving the Entitlement Problem
I claim that it is not hard.
The solution, as I have argued for several years, is to raise the age of government dependency for workers now in their 30’s and 40’s. This is a painless solution, because (a) it does not affect anyone who currently receives or is counting on government entitlements and (b) it does not really affect people now in their 30’s and 40’s.
…What I do not understand is this: what political constituency insists that today’s young workers must be promised an unrealistically low age of government dependency? I do not know any young workers who are demanding it. I do not know any old workers for whom it should matter.
Future entitlement spending is a fiscal gun that is being held to our heads for no reason. With the stroke of a pen, we could get rid of the gun. Who are the interest groups that want to keep the gun to our heads, and why do they want it there?