"The heated debate about how to reform Social Security has come to a standstill because the view of most Democrats (that Social Security must be a defined benefits plan similar in spirit to the current system) seems irreconcilable with the proposals supported by many Republicans (to create a defined contribution system of personal accounts holding marketed assets). We describe a system of 'progressive personal accounts' that preserves the core goals of both parties, and that is self-balancing on an ongoing basis."  MORE >>