Just the Facts

The Truth about Social Security

The first important fact about the Social Security “crisis” is that there is no crisis. The second important fact is that the Bush administration’s proposals for fixing the “crisis,” especially its “privatization” scheme, are perversely designed to make the system’s finances much more precarious than they are now and to impose deep benefit cuts. In fact, it would be hard to conceive of a more destructive set of policy initiatives than...

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About the Author

Charles R. Morris, a Commonweal columnist, is the author of The Two Trillion Dollar Meltdown (Public Affairs), among other books, and is a fellow at the Century Foundation.