Several Republican presidential hopefuls are unveiling plans to save Social Security from insolvency. Prescriptions include means testing Social Security benefts, boosting the retirement age and raising the earnings cap, now $118,500, on which the tax of 12.4% is applied. Most of these changes would be phased in over a number of years and wouldn’t afect current benefciaries. These candidates are winning plaudits from some observers for “tackling tough issues,” even though the Democrats will portray the ideas as proof of a GOP “war against the elderly” and make it sound as if current benefts would be shredded. After all, when Paul Ryan put out a series of sensible ideas regarding entitlement reform several years ago, he was caricatured in TV ads as gleefully pushing Grannie over a clif in her wheelchair.
Courageous as these White House aspirants are in tackling the third rail of American politics, there’s no need for them to put themselves in the po-