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Senior citizens make their way down the a main street in Peterborough, Ontario on Monday May 7, 2012.
Senior citizens make their way down the a main street in Peterborough, Ontario on Monday May 7, 2012.
(Frank Gunn/The Canadian Press)

When most pensioners just scrape by, why are we so generous to better-off seniors?

The Fraser Institute makes a good point when it recommends that Canada’s old age security (OAS) program should stop being so generous to higher-income seniors. But while the cost-cutting ramifications would no doubt put a twinkle in the eye of any fiscal conservative, the greater potential is in better public policy – putting more of the nation’s money in the hands of the seniors who really need it.