A ‘grand bargain’ doesn’t add up

MarketWatchMy latest “Retirementor” column is now available at MarketWatch.  Here’s a taste:

“The conclusion is unmistakable: Americans wants a generous welfare state without having to pay for it .

“Unless and until we actually take a realistic look at taxes and spending — particularly as they relate to benefits for retirees — no meaningful progress on federal debt and deficits (and certainly no “grand bargain”) is possible. Those of us who are retired or who are approaching retirement age aren’t going to be happy about getting less or paying more, but it’s the only way to solve the problem.”

A ‘grand bargain’ doesn’t add up

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