Friday, November 16, 2007

Don't worry about social security, worry about other things

Paul Krugman wrote a piece in the New York times describing how everyone's concerns around social security are unfounded. He bashed Obama for taking a "conservative" position by saying social security is an issue that needs to be dealt with. Krugman on the other hand, says that we have bigger problems to solve than worrying about whether the program will be funded or not.

The most interesting opinion he had in the article was about how the future of the social security program depends on the growth of health care costs. I take this as; if health care costs continue to rise faster than economic growth, we're going to have a problem. If we're able to rope in health care costs, which we're not doing right now, then social security will not be an issue for those of us who are ready to start paying for our parents.

So instead of focusing on the program, let's see if we can make health care more efficient. As the old cliché says, "Two birds with one stick of dynamite."

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