Reblogging for future reference:
During the 2016 presidential campaign, I was very critical of Donald Trump’s proposal to expand the entitlement state with a new program for paid parental leave, just as I was very critical of a similar proposal from Hillary Clinton.
Neither candidate offered much detail, but it was reckless and irresponsible for both of them to propose any sort of new tax-and-transfer scheme when the country already faces a long-run crisis because of entitlement programs.
But not all parental leave proposals involve a net increase in the fiscal burden of government. Senator Marco Rubio and Congresswoman Ann Wagner have put forth a plan that would allow new parents to finance time off with newborns with money from Social Security, so long as they are willing to accept lower retirement benefits in…
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