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Economic News, Data and Analysis

First Social Seurity, then Medicare

In case you were wondering what might come after Social Security privatization, ex- presidential advisor (CEA) Glen Hubbard explains…

The Iceberg Cometh (Harpers.org)
HUBBARD: Exactly. And personal accounts could also serve as an example. The reason to fix Social Security first, I think, even though Medicare is by far the more important problem, is that Social Security reform would help set up a mechanism. Once we had Social Security personal accounts, and they were successful, we could use personal accounts to fund Medicare as well.

The rest is a conversation between Krugman, Hubbard, and Peterson. Worth a read…

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Filed under: Economics

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