News from May 2005
Reforming Our Retirement System / Social Security is a kids’ issue
Partisans in the Social Security wars have advanced a host of proposals to trim benefits, raise taxes or encourage investing in the stock market to bankroll retirement. But no one seems to be talking about how to increase productivity -- an odd omission, since productivity is the engine that sustains this intergenerational compact. While patches in the Social Security formula will likely be needed, the best way to keep the system solvent is to soup up that engine…