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Economic Snapshot of Social Security Private Accounts: The 'Spicy Sauce' to Sell Deep Benefit Cuts
The Economic Policy InstituteLink to more items from this source
[Opinion]
Dec. 23, 2004

Excerpt: Like a cafeteria selling a cheap cut of meat by serving it in spicy sauce, proponents of deep cuts in Social Security benefits are masking their sour taste with the artificial sweetener of private accounts. The possible long-term shortfall in the Social Security system as it currently stands would require modest increases in revenue or cuts in benefits. However, the President has stated he will not increase revenues, leaving only benefit cuts to balance the system.

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