Links

More bad news on Social Security.

• Mark Perry points out the reality of creative destruction in the U.S. economy.

• Super Economy says Europe free-rides on American medical breakthroughs.

• Matthew Slaughter and Dan Mitchell argue that coming tax increases on U.S. corporations will cost jobs.

• Allan Sloan says Social Security -- which could well run a deficit this year -- is the next candidate for a bailout. Wonderful.

• Keith Hennessey pushes back on President Obama's explanation for the current huge federal deficits. Hennessey isn't exactly a neutral observer given his role in the Bush Administration, but it's certainly food for thought.