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 Medi Care 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.)

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