Social Security may not be in trouble
An article by Roger Lowenstein in The New York Times Magazine (free registration required) argues against President Bush's argument that Social Security needs a radical overhaul.Lowenstein says "After Bush's re-election, I carefully read the 225-page annual report of the Social Security trustees. I also talked to actuaries and economists, inside and outside the agency, who are expert in the peculiar science of long-term Social Security forecasting. The actuarial view is that the system is probably in need of a small adjustment of the sort that Congress has approved in the past. But there is a strong argument, which the agency acknowledges as a possibility, that the system is solvent as is."
posted by Paul Wilczynski @ 1:55 PM
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