SOTU and Social Security

For a quick take on the State of the Union speech, see this post by Nick Gillespie. Here’s Nick on some Social Security-specific matters. Also check out Arnold King on a another SS proposal. Don Boudreaux argues that SS is not a safety net, and Russell Roberts wonders why we should even care about preserving the system:

I don’t think social security is unfixable. But why would you want to save it just for the sake of saving it? Why would you want to preserve a program that is 70 years old that was put in place in the middle of the worst economic crisis in American history at a time when our standard of living was a fraction, maybe a tenth (!) of what it is now. Isn’t it possible that it’s time for a different way to handle the risks of retirement?