We’ve heard a lot of bullshit these past several years about Social Security, so as an antitoxin, here’s Matt Yglesias:
The Powers That Be hate Social Security and always will because it’s a program whose entire purpose is to pay people money not to work. That’s not a perverse consequence of Social Security. It’s not a contentious partisan claim about Social Security. It’s not a dubious interpretation of what Social Security is all about. That’s the point. It’s to give people money so they can retire with dignity. “Retire” being a fancy word for “not working.” You’re never ever going to persuade business leaders to stop agitating for cuts in a program that has this feature. Business leaders want people to work! At a minimum, if people are hoping to not work, business leaders are going to want people to save (i.e., loan funds to business leaders) in order to achieve that purpose. Taxing people who are working in order to pay money so that people can enjoy retired life in peace is the antithesis of everything business elites want out of public policy.
And guess what we haven’t done during this era of changing projections? We haven’t cut Social Security benefits. We haven’t raised the age at which people become eligible for Medicare. We’ve done things to reduce budget deficits, in other words, but we haven’t really acted to make it tougher for people to retire. But people don’t like to say they want to make it hard for people to retire so instead they talk about “the deficit,” and they’re not going to stop.
The Powers that Be have had their way for way too long. I think it’s time that the rest of America slapped them and told them to shut their whore mouths.