Social Security can be made permanently solvent only by reducing the present value of scheduled benefits and/or increasing the present value of scheduled tax revenues. Other changes to the program might be desirable, but only these changes can restore solvency permanently.
Delaying changes to Social Security reduces the number of cohorts over which the burden of reform can be spread. Not taking action is thus unfair to future generations. This is a significant cost of delay.
A tá debata o dôchodkoch na štýl debaty Richard Thaler & Mario Rizzo začne na stránke TREND-u už v pondelok.
Update (8.10.2007): Debata sa nachádza tu: http://blogy.etrend.sk/112166/diskusny-blog/prvy-clanok-v-diskusnom-blogu