Then there’s this one: Is it fair for today’s elderly and baby boomers to rake in billions from the young, endangering the economy and fostering a massive inter-generational transfer of wealth?
Politics, said Bismarck, the original architect of old-age pension plans, is the art of the possible. Obama’s onetime allies are trying to make an overhaul of Social Security impossible. But the president, the Republicans and some Democrats know the truth. It is imperative.
North Shore native and Pulitzer Prize winner David M. Shribman is executive editor of the Pittsburgh Post-Gazette.