Max on Krugman

[Christian A. Gregory]

> The columnists are speaking to the Trust Fund
> solvency because their solution to the shortfall is
> constraining purchasing power in zero-sum fashion.
> Any addition to trust fund balances and benefits
> must be offset by tax increases and benefit cuts.
>
> Aside from this buried implication of the column,
> I agree with the rest of it.
>
> mbs

So, Dubya's saying that someone could earn more with an inflation-adjusted
t-bill than with social security ignores that the person investing can't use
that money to pay, for ex., for his father's nursing home or his kids'
school right now. (And both of them are due.) ie. It ignores the "social" in
social security.

What are the non-zero sum way to transfer or constrain purchasing power?

Christian