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Saving Social Security with Stocks: The Promises Don't Add Up -- A 1997 Paper (PDF)
The Century Foundation 
Feb. 2, 2005
40 pages. Excerpt: Interest has been growing in public policy circles in replacing, partially or completely, the existing Social Security system with a 'privatized' system of government-mandated savings. This interest was reflected in the disparate recommendations of the January 1997 report of the Advisory Council on Social Security. Under its proposals, the federal government would require workers to divert a portion of what they now pay as Social Security taxes into private savings accounts.
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