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Modernizing Social Security: bring this Great Depression relic into the age of investing, or watch it collapse.(includes related articles)
A monumental demographic shift is taking place in the United States: The number of workers per retiree in this country will fall from 3.3 to just 2.1 over the next generation. This puts tremendous pressure on our Social Security system. Within just 15 years, Social Security will start to run cash deficits, and by 2050, the benefits promised under current law would cost nearly 18 percent of the nation's payroll, while revenues would be just over 13 percent. That yawning chasm represents an unsustainable shortfall of several hundreds of billions of dollars a year.
The aging of our population will also wreak havoc in other parts of the federal budget. The portion of ...
- Greenspan endorses personal accounts for Social Security.
- Newspaper article from: Chicago Tribune (Chicago, IL) February 17, 2005 700+ words
...Wednesday endorsed Social Security personal accounts like those pushed...accounts. Bush's Social Security plan has met with...should look at personal accounts," Sen. Mike...Greenspan said the Social Security system isn't...
- Critics cry foul in Bush Social Security maneuver; Cost of president's plan for...
- Newspaper article from: The Washington Times February 12, 2006 700+ words
...Opponents of President Bush's Social Security personal accounts plan were jolted into action...to divert part of their Social Security payroll tax into personal...States: privatization of Social Security." But Republicans said...
- Strengthen Social Security; Voters like personal accounts.(OPED)(THE AMERICAN...
- Newspaper article from: The Washington Times July 5, 2005 700+ words
...opposition has no Social Security plan of its...surpluses to create personal accounts. Yet some Democrats...President Bush on Social Security was one of their...about using the Social Security surplus to create personal accounts and found voters...
- GOP backs use of Social Security surplus; Finds funding for personal...
- Newspaper article from: The Washington Times June 23, 2005 700+ words
...behind a Social Security proposal...to create personal accounts, saying...dedicate the Social Security surplus to...voluntary personal accounts, rather...voluntary personal accounts for workers...worker's Social Security payroll taxes...
- Trying Again.(PUBLIC POLICY)(personal accounts for social security reform)
- Magazine article from: National Review July 18, 2005 700+ words
...to try to revive Social Security reform. One of them would enact small personal accounts while addressing Social Security's insolvency...retirees--to personal accounts. Right now, the Social Security surplus is spent...
- Personal Accounts Won't Save Social Security.
- Magazine article from: Financial Planning Weinberger, Joshua May 1, 2005 700+ words
...plan to reform Social Security. Major Finding...opt into the personal accounts system are likely...the current Social Security program; even...retirement, personal accounts would produce...rate that Social Security actuaries have...performance of the ...
- She has ruled out cutting benefits, raising the retirement age, or establishing...
- Magazine article from: National Review November 5, 2007 700+ words
...age, or establishing personal accounts to fix Social Security. Barack Obama has followed...pay for the program. Social Security taxes apply to the first...it wouldn't even make Social Security solvent. Still, he gets...
- Personal accounts favored in Social Security reform. (Financial...
- Magazine article from: The Practical Accountant February 1, 2002 700+ words
...President's Commission to Strengthen Social Security has issued a draft of its final report, "Strengthening Social Security and Creating Personal Wealth for...matter which approach is taken, personal accounts be added to enhance benefits...
