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Ponzi would be jealous.(Between The Lines)
ITEM: Social Security is a "splendid program," argued the Fort Worth Star-Telegram on January 30. "There is absolutely no reason to believe that Social Security" is going broke, of ever will." Indeed, said the Texas paper: "Social Security always has met its obligations to pay benefits. If you qualify for future benefits, you should not only expect to receive them but demand that you do."
BETWEEN THE LINES: The public, particularly the young, is not that gullible. Indeed, as a poll revealed a few years ago, more young people believe in UFOs than think that Social Security will be able to supply their expected benefits. Little wonder: In just 15 years, benefits will begin to exceed payments, according to Social Security's independent scorekeepers.
There are now only 3.3 workers for every retiree, a steadily dropping proportion. By 2030, there will be two workers per retiree. Representative Clay Shaw (R-Fla.), chairman of the Ways and Means Subcommittee on Social Security, emphasizes that ...
- Privatizing Social Security: do African Americans stand to gain from President...
- Magazine article from: Black Enterprise Jones, Joyce March 1, 2005 700+ words
...color," says Jones. "Social Security was never intended to be...just what it says--a social security that provides benefits to...sits on the House Ways and Means Subcommittee on Social Security, African Americans age...
- Keep it public.(Social Security reform)
- Magazine article from: Commonweal McCARTHY, ABIGAIL September 10, 1999 700+ words
...organizations could have done what Social Security began to do in 1935." But now Social Security is threatened. By the year 2034...staff member of the House Ways and Means Subcommittee on Social Security, explained the problem clearly...
- Archer/Shaw plan saves social security.
- Magazine article from: The National Public Accountant Shaw, E. Clay, Jr. July 1, 1999 700+ words
...Security surpluses to save Social Security by providing a 2% refundable...American workers. Once Social Security surpluses begin to fade...Chairman of the Ways and Means Subcommittee on Social Security, I am entrusted by the...
- Bush offers details on privately investing Social Security taxes.(Knight Ridder...
- Newspaper article from: Knight Ridder/Tribune News Service Hutcheson, Ron Kuhnhenn, James December 17, 2004 700+ words
...tandem. No one disputes that Social Security faces problems, but Bush...Office estimates that the Social Security Trust Fund will be depleted...Democrat on the House Ways and Means subcommittee on Social Security, has called on Bush to...
- CCAGW: Congress Needs to Strengthen Social Security; The Social Security...
- Press release article from: PR Newswire March 13, 2003 700+ words
...House Committee on Ways and Means, Subcommittee on Social Security Chairman Clay Shaw (R-Fla.) for introducing the Social Security Protection Act of 2003...passing the bill. "The Social Security Protection Act will eliminate...
- NATIONAL COMMITTEE URGES APPROVAL OF $5.3 BILLION FOR SOCIAL SECURITY...
- Press release article from: PR Newswire March 5, 1992 700+ words
...expenses are determined by Social Security need, not by the bottom...National Committee to Preserve Social Security and Medicare told Congress...before the House Ways and Means Subcommittee on Social Security, National Committee President...
- AARP Urges Change in Social Security Earnings Limit.
- Press release article from: PR Newswire February 15, 2000 700+ words
...earnings limit on Social Security beneficiaries...House Ways and Means Subcommittee on Social Security, AARP board member...than it was when Social Security began," Baumgarten...told the Ways and Means Subcommittee. "This is good...
- Social Security reform drive still alive: Leaders counter report of...
- Newspaper article from: The Washington Times Godfrey, John April 24, 1999 700+ words
...plan to push ahead with Social Security reform despite the political...strengthening and modernizing Social Security for the 21st century...chairs the House Ways and Means subcommittee on Social Security, have drafted a plan that...
Source: HighBeam Research, Ponzi would be jealous.(Between The Lines)