Furman on Social Security: Attention must be paid — Harvard Gazette

Social Security faces steep cuts. These senators want to bet on stocks and $27 trillion in debt to save…

Senators propose $26.6 trillion stock strategy for Social Security, but models show returns fail to cover debt 64% of the time. Betting on equity returns instead of reform signals policy desperation; failure forces tax hikes affecting corporate budgets and macroeconomic stability.