His plan guarantees that if people’s investments fail, they will still get all the benefits that current law promises them. How can the government save money while giving everyone their promised benefits and making up unlucky or incompetent investors’ shortfalls? It can’t. And won’t those shortfalls be larger if people know they can’t lose? Plenty of Social Security plans involve the government saving money in the long term by taking a hit in the present. Gingrich has managed to devise a plan that actually increases the program’s long-term cost. The price tag for Gingrich’s originality, based on estimates of similar proposals in years past, would be several trillion dollars.
Missing The Game
3 hours ago
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