Feature

Viewpoint: James Surowiecki

From The New Yorker: “There are legitimate reasons to be worried about entitlement spending. But the fundamental question is...

“There are legitimate reasons to be worried about entitlement spending. But the fundamental question is not how much longer the Social Security and Medicare trust funds are going to be solvent. The question is how much we’re willing to spend to insure that the elderly have affordable access to health care and some financial security. The political virtue of the trust-fund strategy has been to make it seem as if Social Security and Medicare run on autopilot. But it has also meant that we’ve never had an honest debate about the value, and the cost, of social insurance. That’s the argument that politicians should be having, instead of a disingenuous one about solvency.”

James Surowiecki in The New Yorker

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