Financial Services Industry
Industry: Email Alert RSS FeedSocial Security fix went a-wasting.(Brief Article)
Investment News, November, 1999
Lack of leadership from the White House, and lack of courage in the Congress, have killed a great opportunity to reform Social Security. What we're left with is Social Insecurity: younger workers cannot plan their financial affairs because they don't know what their Social Security benefits will be, or how much they will pay in taxes for them in the meantime.
Today's middle-aged and young workers will certainly pay the price, beginning just a decade and a half from now. That's when, as things currently stand, taxes would have to be raised or benefits cut. Since no real effort has been made to reform Social Security in 1999, and next year is an election year, it is clear no effort to change the system will be considered at least until 2001. And...
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