In addition to the ridiculous set of ideas entailed in “privatizing” social secuity, W now wants to change the way benefits are indexed–away from a complex calculation based on a number of factors relating to standard of living, to a flat index based on the consumer price index. What does that look like?
Wouldn’t it make much more sense just to raise the retirement age to 70 (in a nod to shifting demographic realities)? Oh wait… sense. Reality. Sorry, wrong president!
Read the whole WaPo article if you weren’t sufficiently pissed off this week.