Is Social Security an Entitlement?

One of the topics we’ll start hearing a lot more about in the months ahead is the need to “rein in spending on entitlements.” You’ll hear many arguments about the percent of the budget taken up by entitlements, blended with a GOP chorus on the existential threat of the budget deficit. It’s a well understood political kabuki dance that is so filled with falsehoods one wonders where to begin. For the purposes of this article I’m going set aside the chimera of the deficit and leave it to future articles to deal with that particular campfire ghost story. What I want to tackle here is the basic…