Sunday, April 29, 2007

Bill Bradley on Social Security

This is from a review of Bill Bradley's new book:
To get the budget deficit under control, Bradley proposes gradually raising the minimum eligibility age for Social Security until the year 2099, when it would be 70 (he recommends a “narrowly liberalized” disability benefit for people in their late 60s whose jobs cause health problems that won’t permit them to keep working). This is more than justified, he notes correctly, by the rise in average life expectancy (from 61 years to 78) in the seven decades since Social Security was introduced. Bradley has advocated this reform since his Senate days, but backed away from it during his presidential run when Gore used it to attack him.
Another member for Arnold Kling's Reality-Based Retirement Club.