On May 6, 2009, at 11:40 AM, Michael Pollak wrote:
> I hate to be a pollyanna, but that doesn't sound like austerity.
> That sounds like minor fiddling with a liberal bias.
We're probably going to see benefit cuts, a higher retirement age, and more chipping away at the upper end in the name of "fairness" - which will reduce the support for SS over the longer term, and push it more in the direction of welfare, which means in the direction of suckiness. These things take time, but it's not good.
Doug