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Social Security for a Savings Society -- Promote Savings and Keep Our Social Insurance Plan
The Washington Post; subscription may be required [Opinion] Jan. 21, 2005
Excerpt: It's a good bet that if you analyze a problem incorrectly, you'll come up with the wrong solution. Case in point: George Bush and Social Security. The first problem is one of semantics. Social Security is not running out of money. If nothing is done, inflation-adjusted benefits might wind up being 27 percent less in 2050 than they are scheduled to be, but still wind up higher than they are today. Undesirable, maybe, but hardly economic calamity.
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