A Slippery Slope: Economists and Social Insurance in the United States

Since the 1980s welfare state protections have been blamed for a host of economic problems. In the United States, conservatives have always disliked Social Security but could not effectively attack this popular program until the 1980s, when they devised a new tactic—warning young people that they would never get their “money's worth” from Social Security, which is on the brink of “bankruptcy.” The political climate, dominated by a drive to cut back “big government,” also became favorable for attempts to destabilize Social Security politically. Thus, negative images of Social Security have been forced onto the public agenda, and economists who consider themselves “liberal” have uncritically accepted this new set of political “givens.” It is an example of how they address “crises” as separable issues tied to no particular social context.