Monthly Archives: December 2023

WSJ-Social Security Was Doomed From the Start

The fatal flaw was FDR’s decision to make it a pay-as-you-go benefit. We should have fixed it by now. By Phil Gramm and Mike Solon Dec. 19, 2023 6:29 pm ET Americans imagine that the Social Security benefits they are promised belong to them. That’s by design. In 1935, President Franklin...
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WSJ-Another Wrong Way to Measure Poverty

The real rate is 2.5%, but the Census Bureau inflates it by excluding most social-welfare benefits. By Phil Gramm and John Early Dec. 5, 2023 6:33 pm ET The credibility of the Census Bureau’s official measure of poverty didn’t survive the pandemic. Though government payments for social benefits rose by...
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