{"id":6685,"date":"2010-08-25T16:34:39","date_gmt":"2010-08-25T21:34:39","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=6685"},"modified":"2011-01-05T15:22:49","modified_gmt":"2011-01-05T20:22:49","slug":"social-security-fiscal-child-abuse","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2010\/08\/25\/social-security-fiscal-child-abuse\/","title":{"rendered":"Social Security: &#8220;Fiscal child abuse&#8221;"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignleft size-full wp-image-6686\" src=\"http:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/08\/Social-Security-card.gif\" alt=\"Social Security card\" width=\"141\" height=\"86\" \/>The 2010 election season is under way and, as usual, the fate of the federal Social Security system is part of the <a title=\"political debate\" href=\"http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2010\/08\/14\/AR2010081400858.html\" target=\"_blank\">political debate<\/a>.\u00a0 College of Arts and Sciences economics Professor <a title=\"Laurence Kotlikoff\" href=\"http:\/\/people.bu.edu\/kotlikoff\/\" target=\"_blank\">Laurence Kotlikoff<\/a>, author of &#8220;<em>Jimmy Stewart is Dead: Ending the World&#8217;s Ongoing Financial Plague with Limited Purpose Banking<\/em>,&#8221; says as the Social Security program marks its 75th anniversary, it&#8217;s time to rebuild it into &#8220;Personal Security System&#8221; retaining\u00a0the 1930s-vintage system&#8217;s\u00a0best features, scrapping the rest, and covering its costs.\u00a0 Continuing Social Security without change, he writes in a Bloomberg <a title=\"commentary\" href=\"http:\/\/bit.ly\/922CDk\" target=\"_blank\">commentary<\/a>, amounts to &#8220;fiscal child abuse.&#8221;<\/p>\n<p><em>&#8220;Our nation is in terribly hot water. \u00a0Business as usual is no answer. \u00a0The only way to move ahead is to radically reform our retirement, tax, health-care and financial institutions to achieve much more for a lot less.\u00a0 The Personal Security System is a major step in that direction.\u00a0 It meets all the legitimate goals of Social Security without the system\u2019s waste and penchant for robbing the young.&#8221;<\/em><\/p>\n<p>Contact Laurence Kotlikoff, 617-353-4002, <a href=\"mailto:kotlikoff@bu.edu\">kotlikoff@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 2010 election season is under way and, as usual, the fate of the federal Social Security system is part of the political debate.\u00a0 College of Arts and Sciences economics Professor Laurence Kotlikoff, author of &#8220;Jimmy Stewart is Dead: Ending the World&#8217;s Ongoing Financial Plague with Limited Purpose Banking,&#8221; says as the Social Security program [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4491],"tags":[3549,3550,82],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/6685"}],"collection":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/comments?post=6685"}],"version-history":[{"count":3,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/6685\/revisions"}],"predecessor-version":[{"id":7548,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/6685\/revisions\/7548"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=6685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=6685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=6685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}