September 29, 2007

ENTITLEMENTS FOR THE UNBORN? Greg Mankiw has some questions about Hillary’s baby-bond proposal: “How might this be funded? There are only three groups that could be asked to pay for the new entitlement with higher taxes (or lower benefits): the current elderly, those currently of working age, or the same future generations who are getting the new benefit and are slated to pay for existing unfunded entitlements. Which group do you think Senator Clinton has in mind?”