Social Security

Washington Times - Hillary's $7 trillion promise

Courting seniors this week at the Alliance for Retired Americans, Sen. Hillary Clinton, New York Democrat, pledged that as president, she would not cut Social Security benefits, raise the retirement age or privatize the taxpayer-funded Social Security system. The seniors were no doubt very pleased. But let's consider for a moment what keeping such a promise would require, since it happens to back the senator into an extremely irresponsible position on Social Security, where, unfortunately, she has a lot of company among the presidential hopefuls. Most importantly, keeping Hillary's promise would guarantee a catastrophic multitrillion-dollar tax hike at some point in the coming decades, to be born by people other than the Alliance for Retired Americans.