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Article Excerpt
The new report by the Social Security trustees, claiming that Social Security will go broke in 2041, is bound to fuel the nationwide debate over Social Security.
One side, led by President Bush, says the system is in crisis and must be saved via "partial privatization." The other side says the system is basically sound and can be saved with a little tinkering.
Both sides, however, agree on one absolute: Social Security should be saved. While it may have financial problems, they believe, some form of mandatory government-run retirement program is morally necessary.
But is it?
Social Security is commonly portrayed as benefiting most, if not all, Americans by providing them...
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