More Secure Social Security

Summary


The latest issue of AARP's monthly publication, The Bulletin, announces that it's time for another try at strengthening Social Security, and lists eight possible ways - raise taxes, raise the retirement age, lower annual increases, etc. - to achieve it. One proposal it could have made was for the nation to keep improving productivity.

You don't hear much about Social Security these days, in part because politicians, like the rest of us, have a limited capacity for crises; one disaster can push another off the front page or cut it from a newscast entirely. But it wasn't long ago that the looming crisis of Social Security was going to devour the next generation of older Americans and run up huge federal deficits. Privatization of this program was all that stood between a vulnerable population and doom.

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Extract


More Secure Social Security

Doomsday now seems to be further off, and as several commentators have recent...

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