Dear Debt Dispatch:
As a frequent reader of your well-reasoned and top quality analyses of issues related to the solvency of federal finances, I read with interest the suggestion that the Social Security imbalance would be more likely to be solved if the program was turned over to the states (“Counterpoint: States Would be More Responsible With Social Security Than the Federal Government”). I can understand, given the failure of the federal government to solve the universally-predicted (and ultimately solvable) Social Security imbalance, why it is tempting to look to the states. States, after all, have generally demonstrated MUCH greater capacity to solve problems than the national government.