The View From 1776
Wednesday, June 25, 2008
Social Security Sham
Senator Obama hasn’t calculated whether his proposed higher taxes will cure the Social Security shortfall. He’s interested only in socialistic redistribution of income and, incidentally, punishing “the rich.”
Would it help Social Security’s financing problems? Mr. Obama has no idea. One of his senior economic advisers admitted to me that no one on the campaign has run any detailed models or performed any rigorous analysis.