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President George W. Bush wants you to believe that Social Security will “line into red” in 2018, and that if it isn’t “reformed”-that is, partially privatized-ASAP, it will collapse. Or, as a recently leaked internal White House strategy memo put it, the GOP hopes to convince you that Social Security is “headed for an iceberg.” Not true. While 2018 is the year that Social Security’s paid benefits will exceed its revenues, and payments...

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