All Commentary
Monday, August 24, 2009

Social Security to Become the UnCOLA


“Millions of people face shrinking Social Security checks next year, as officials project that benefits will stay flat for the first time in a generation…. By law, Social Security benefits cannot decrease. Nevertheless, monthly payments would drop for millions of people in the Medicare prescription drug program because the premiums, which often are deducted from Social Security payments, are scheduled to rise slightly.” (Washington Post, Monday)

Who willingly leaves his fate to the government?

FEE Timely Classic
“Friendly Societies: Voluntary Social Security and More” by John Chodes


  • Sheldon Richman is the former editor of The Freeman and a contributor to The Concise Encyclopedia of Economics. He is the author of Separating School and State: How to Liberate America's Families and thousands of articles.