Adjusting to Reality in the New York Times

In this morning's New York Times I have an op-ed co-authored with Alicia Munnell, director of the Center for Retirement Research at Boston College, regarding the Social Security COLA and whether Congress should pass an ad hoc payment to seniors to make up for a COLA not being paid this year. We say no.

Click here to read why. I wrote on this subject at (much) greater length here and will have a related paper out soon.