A dose of reality and clear thinking from Samuelson, one of my favorite journalists.
"...We do not plan, even when the case for planning seems overwhelming. Examples abound. We know that over the next few decades the number of retirees will double and that the costs of federal retirement programs will explode, requiring huge tax increases (at least a third), unsustainably large budget deficits or deep (and undesirable) cuts in other government programs -- or some combination of all three. All of this has been evident for years: indeed, it is the subject of countless government reports. But successive presidents and Congresses have done little to change matters, the current stalemated Social Security "debate" being a case in point."
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