Social Security Then and Now.
Bruce Bartlett.
- Commentary, 2005.
- SIRS Enduring Issues 2006. Article 27, Global Issues, 1522-3221; .
Articles Contained in SIRS Enduring Issues 2006. Originally Published: Social Security Then and Now, March 2005; pp. 52-56.
"By all accounts, Social Security is the most successful domestic government program in American history. This year [2005], more than $500 billion will be relatively costlessly taken from the pockets of American workers and transferred to those living in retirement. As a consequence of this program, the poverty rate among the elderly has fallen sharply over the last 65 years, and young people have largely been relieved of the burdensome responsibility of caring for their parents and grandparents in old age. Yet, as almost everyone agrees, this model program is itself showing signs of old age. By 2018, revenues from Social Security taxes will no longer be sufficient to pay Social Security benefits." (COMMENTARY) This article examines the Social Security system and notes that "the President has decided to make reform of this system a centerpiece of his second-term agenda."
1522-3221;
U.S. Congressional Budget Office
Individual retirement accounts Old age pensions Social security Social security--Forecasting Social security--History