It’s time to bolster Social Security, not slash it
Posted on 27 August 2010
By Mark Miller
Permanent URL of this article: http://retirementrevised.com/money/its-time-to-bolster-social-security-not-slash-it
Social Security was signed into law 75 years ago this month by President Franklin Delano Roosevelt. Today, it is the most important component of retirement security for most Americans. Unlike our damaged system of private pensions, Social Security is efficient, reliable and stable.
But rather than celebrate Social Security’s successes at this milestone anniversary, many policy makers and much of the news media are focused on a different narrative. Social Security, they argue, is running out of money due to the impending retirement of millions of baby boomers. Social Security contributes to our ballooning national debt. We can’t afford Social Security in its current form, and must scale back benefits.
This narrative is inaccurate, and it poses a serious threat to Americans’ long-term retirement security.
Get the full story at The Huffington Post.
















