TITLE

More smoke than fire

AUTHOR(S)
Allen, Jodie T.
PUB. DATE
January 2005
SOURCE
U.S. News & World Report;1/24/2005, Vol. 138 Issue 3, p48
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Comments on the proposals for Social Security reform presented by President George W. Bush. Belief that much of the public relations fear campaign is full of sound and fury; Myth of trust funds; How the accounting for income and outflow seems to ignore the fact that up until recently the system took in more money than it paid out; Where that extra money was spent by the government; How all our money systems are just promises to repay; Former President Bill Clinton's desire to move some of the surplus into safe-from-spending accounts which did not pass the legislature; Why it is too late to do that now; Belief that a bunch of small changes could make the system solvent for decades.
ACCESSION #
15676012

 

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