Social Security demonstrates that public systems are often better than their private counterparts. The problem is that government-managed systems are only as good as their stewards. The only cure is stronger democracy, so that citizens who value good programs vote to elect leaders pledged to defend them.
The status of negotiations between Greece and its official creditors -- the European Commission, the ECB and the IMF -- dominated headlines last week. At the core of the negotiations is a simple question: How much of an adjustment has to be made by Greece, how much has to be made by its official creditors?
The Illinois Supreme Court is the latest to confirm that retirement security is an essential part of our social fabric, and one that merits constitutional protection. When people work hard and spend their entire professional lives paying into a system that guarantees them financial security in retirement, we can't pull back on that promise.
Daniel DiSalvo's new book paints a dark conspiracy where public sector unions push for ever higher pay and benefits, work rules that allow for endless loafing on the job, and disciplinary policies that prevent even the most incompetent from being fired. It's a moving story -- the data just don't quite fit the picture.