Wednesday, December 19, 2012

Entitlements Revisited

Do you want to know what smart people on the left are saying about entitlement financing difficulties? See this article in The New Yorker for a persuasive treatment of the topic.

The author's basic point is that we can bail entitlement programs out with general tax revenues. However, to do so gives them the appearance of welfare programs, meaning fewer people will be supportive of them.