[ngat]

Here are two sentences from Laffer:

“The same thing happened after World War II, says Laffer, when a massive cut in government spending as a share of GDP sent the private economy “through the ceiling.”

Moreover, to help ease the burden of entitlement spending Laffer thinks the age at which people can receive Social Security benefits should be extended “way out.”

So, Laffer is saying that the way to achieve a massive cut in “government spending” as a share of GDP is to cut Social Security benefits. Thanks, Art. That’s a winning political issue for republicans to adopt.

[the_devils_advocate_666]

How about making huge cuts in government employee pension benefits?

[I am Richard Brandon]

" the age at which people can receive Social Security benefits should be extended “way out.”"

Great idea but industry is set up to forcibly retire people at 65. Will they continue to employ people until they reach the new retirement age?

[BfloGuy]

So, Laffer is saying that the way to achieve a massive cut in “government spending” as a share of GDP is to cut Social Security benefits.

Do you disagree with that or do you have another magic plan to save Social Security? Other than higher taxes (not exactly a crowd-pleaser, either,) I can't imagine what it would be.

[Alberta's Child]

So, Laffer is saying that the way to achieve a massive cut in “government spending” as a share of GDP is to cut Social Security benefits. Thanks, Art. That’s a winning political issue for republicans to adopt.

He's right about that. But then, so are you.

Which means it will never get implemented even though it's absolutely necessary to help salvage this nation's economy. So let's just sit back and recognize that we're all Greeks, now ... and maybe we'll recognize our national idiocy when this country is filled with Mexicans and Muslims.