New York Magazine's Jonathan Chait is usually a judicious and perceptive analyst of the intersection between politics and economics. So it's disappointing to see him blindly falling in step with a conservative attack on Social Security.
Chait's error is part of his otherwise astute analysis of the
In making his point, Chait cites a recent op-ed in the Wall Street Journal by Andrew Biggs of the
The op-ed, Chait says, is about "the need to restore solvency to the Social Security Trust Fund, which certainly ought to be a conservative priority." He approvingly cites what he calls Biggs' "harrowing description of Social Security’s long-term deficit, which is real."
The recession doesn't make an appearance in Biggs' op-ed, except for a drive-by reference to "a slow economy" post-2008, which Biggs associates with "President