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| Thursday, April 25, 2024 |
Miles from the Mainstream |
D.
R. ZUKERMAN, proprietor |
An Implicit Endorsement of an LPR proposal?
October 19, 2015 -- A New York Times op-ed article, August 15, was called: "Let Older Americans Keep Working." Paul Krugman's Times column two days later, August 17, was called "Republicans/Against/Retirement." The authors of the August 15 op-ed, Laurence J. Kotlikoff and Robert C. Pozen were not identified as Republicans, and certainly not as Republicans accused by Krugman of favoring "government by the 1 percent, for the 1 percent." |
Kotlikoff, identified as a Boston University economics professor, and Pozen, identified as a senior lecturer at the M.I.T. Sloan School of Management, stated that ten thousand "baby boomers" -- "Americans born from 1946 to 1964 -- retire every day." The authors point out: "Most of them have not saved enough for retirement; at least one-fifth have basically no retirement savings." Seems like an argument for LPR's proposal for $5,000 loans at 3% interest to seniors living in Social Security poverty. |
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