Claiming that Social Security benefits are safe may sound naive, but my view is actually quite cynical. I believe that as long as the elderly continue to vote in large numbers, no Congress will renege on promised payouts for those already eligible to receive benefits.
When it comes to assessing the chances of some complicated combination of events, gut feelings are pretty much useless.
I think behavioral economists don’t have any more of an explanation about the rise of Trump than anyone else.
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