Either we pay the government's bills, or we leave them for our kids to pay. It's that simple.
Laurence KotlikoffWhile the feds ... leave Social Security off their books, the government's obligation to make benefit payments to current and near-term Social Security recipients is certainly no less real than its obligation to pay interest on its Treasury bonds.
Laurence KotlikoffIf you are advocating full retirement benefits starting at 60, my reaction is the system is already 31 percent underfinanced and can not afford what it's now doing, let alone such a policy change.
Laurence Kotlikoff