(2005-02-08) Kling Soc Sec Myths

Arnold Kling on 4 myths of Social Security: The Pension Myth (it's a Transfer); The Transition Cost Myth (there is none, it's just a debt swap); The Baby Boomer Myth (the problem won't go away even after boomers die); The Medicare myth (The fact that Social Security is less insolvent than Medicare reflects nothing other than the fact that Social Security taxes are much higher than Medicare taxes.)