Security flaws.(PROSPECTS)

REPUBLICAN PLANS TO PRIVATIZE SOCIAL SECURITY raise two different security questions. One is the impact on the retirement security of workers if they become dependent on the stock market for their basic livelihood in old age. The other concerns the nation's security if, as news reports indicate, the Republicans decide that rather than raise taxes, the government will borrow the money to finance the shift to private accounts.

The Congressional Budget Office already projects a federal deficit of $2.3 trillion over the next 10 years. Making the Bush tax cuts permanent, as the ...

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