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FindArticles > American Prospect, The > February, 2005 > Article > Print friendly

We're all in this together: with privatization, young people would be hurt twice--first when they pay the bill and then when their benefits are reduced.(A Special Report On Saving Social Security)

Leone, Richard C.; Perl, Libby

SAVINGS ARE LOW, DEBT IS MOUNTing, the dollar is weak, and the economy is projected to grow more slowly in this century than the last. But that's not the half of it. What we really have to worry about, according to a chorus of prophets, is the prospect of Americans living too long. This failure to die in a timely fashion apparently means no end of trouble for younger citizens--and even represents some kind of accounting swindle in which the long-lived threaten to take more out of the economy and Social Security than they ever put into it!

This is the sort of tortured reasoning ...