Century Foundation report disputes Social Security “crisis”
Scare Tactics: Why Social Security Is Not in Crisis
Opponents of Social Security have been striving to convince Americanworkers, especially young adults, that Social Security will no longerexist by the time they retire. Phrases such as “imminent crisis” and”unmanageable costs” lace this rhetoric. To a large extent, thisalarmism is voiced by those who are hostile to government and thereforefavor replacing all or part of one of this nation’s most successful andessential programs with private investment accounts. Bernard Wasowdemonstrates why the “crisis” in Social Security is actually quitemanageable. Originally published in 2004, this document was updated inJuly 2008.
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