I think Russ Roberts of econtalk went into this pretty in depth. EconTalk: John Cogan on Entitlements and the High Cost of Good Intentions http://www.EconTalk.

I think Russ Roberts of econtalk went into this pretty in depth. EconTalk: John Cogan on Entitlements and the High Cost of Good Intentions http://www.EconTalk.org http://www.EconTalk.org http://files.libertyfund.org/econtalk/y2017/Coganentitlements.mp3 http://files.libertyfund.org/econtalk/y2017/Coganentitlement... Ironically, everyone here seems to be angling at the political angle, not the fact that pensions can be easily survive well beyond what they were intended, especially public ones.