Stephanie Kelton and Scott Fullwiler Debunk the Social Security Affordability Debate

Too long to copy, but right on the money: 

Excerpt:

As promised, today’s post is a rejoinder. With the political fight over entitlement programs like Social Security and Medicare heating up—and, yes, they are entitlements because people are entitled to coverage under the law as long as they meet program eligibility requirements—it’s important to bring some clarity to the debate.

What follows is a series of tweets from MMT economist Scott Fullwiler. Scott is no longer on Twitter, but he sent me an archive of this thread so that I could share it with all of you. If you read it carefully, you’ll notice a sharp departure from the usual focus on Trust Fund balances and financial shortfalls. I wish everyone involved in covering these debates and crafting legislation would take the time to think through what Scott says below. It would lead to a much more productive debate.

 https://stephaniekelton.substack.com/p/can-we-still-afford-social-security

 

An excellent component: Alan Greenspan agrees: