Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

As to your point about SS, you are right, but the counterfactuals have been measured. We didn't have SS in this country for the majority of its history and elder poverty was terrible prior to its existence, reaching well over 40% in the 1920's.

SS also has always been a Pay Go system and doesn't have any debt servicing, actually the reverse is true, SS is owed money from the US government. That is, SS lent the US government money. That government debt would exist with or without SS as federal government spending is not constrained in any way by tax receipts, so SS's impact here is moot.

To your point about student aid, that is far more complicated. While it is likely true that the existence of the aid has resulted in some upward pressure on tuition, it is not the only factor. Increased demand both in quantity and quality of services, reduction in direct public aid to institutions, and increasing administrative costs among other things all play a part. Without student aid, it is likely true that prices would be lower, but probably not nearly as much as one would assume, and we would have a far less educated populace. The latter being a substantial negative in a world where the best paying work is and continues to be more knowledge based.



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: