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Social Security Then and Now. Bruce Bartlett.

by Bartlett, Bruce; ProQuest Information and Learning Company.
Series: SIRS Enduring Issues 2006Article 27Global Issues. Publisher: Commentary, 2005ISSN: 1522-3221;.Subject(s): Individual retirement accounts | Old age pensions | Social security | Social security -- Forecasting | Social security -- History | U.S. Congressional Budget OfficeDDC classification: 050 Summary: "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."
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REF SIRS 2006 Global Issues Article 24 Constitution Passes amid Sunni Opposition. REF SIRS 2006 Global Issues Article 25 Dem Blues. REF SIRS 2006 Global Issues Article 26 The Accidental Autocrat. REF SIRS 2006 Global Issues Article 27 Social Security Then and Now. REF SIRS 2006 Global Issues Article 27 Q&A: The Great Social Security Debate. REF SIRS 2006 Global Issues Article 28 Libertarianism: A Home for Conservatives?. REF SIRS 2006 Global Issues Article 29 Saudi Arabia Sees Glimmer of Reform.

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."

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