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Compass
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Obama's Misguided Reversal on Social Security Expansion
Cato Institute [Opinion] June 6, 2016 "[Obama had] previously supported a change in the way benefits were adjusted each year that would have reduced the growth rate of benefits over a long timeframe in the interest of improving the program's fiscal trajectory.... [He recently] signalled that he no longer believed 'all options were on the table' to address solvency concerns and instead supports further expansion.... If his favored reforms are implemented it will increase the economic distortions introduced by Social Security and do nothing to address its serious fiscal problems." |
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