How Much Should The Federal Government Subsidize Retirement? - Part II
by John C. Goodman
December 13, 2012
Our federal deficit problem is an entitlement problem. And our entitlement problem is mainly about income and health care for the elderly. As I pointed out in a previous post, entitlements for the elderly mainly subsidize retirement. If we cut back on spending, seniors will have less retirement income unless they work more and save more to replace those retrenchments.
How much should we cut back and how should we do it?