Does Michael Barone Understand the Social Security Issue?

This op-ed is a collection of the worst arguments I’ve read on this issue. Comparing the woes of PBGC to whether we know how to reasonably forecast the future cash flows of the Social Security Trust Fund fails to grasp the moral hazard issues involves when companies fund private defined benefits plans. Flemming v. Nestor is a favorite rightwing canard and Mr. Barone dutifully omits the facts behind this case. Worst of all – Barone pretends that raising net taxes on the working poor will somehow give them more income to save.