For decades the political arithmetic of entitlement reform in Washington has run something like this: you can either raise taxes, or you can cut benefits. But the Scylla of tax increases and the Charybdis of benefit cuts are two monsters that most politicians, and, for that matter, voters, would much prefer to avoid, and understandably so. That, writes Ira Stoll, has created an opening in the ideas market for policy entrepreneurs with concepts of how to solve the entitlement problem by doing something other than raising taxes or cutting benefits. Here are two such ideas that are worth a look.
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