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Social Security Trust Fund Afloat Yet Illusion of Security
The article argues looming trust fund surpluses from 1977 and 1983 tax hikes will not shield beneficiaries. It explains the fund buys only Treasury bonds, effectively borrowing from taxpayers to fund other government needs, and eventual deficits may force reforms. It outlines likely steps: later full benefits, higher taxes, and gradual retirement-age increases.
MENTIONED IN THIS ARTICLE
Social Security
Treasury
A. Haeworth Robertson
Washington
Topeyes
Carolyn Weaver
American Enterprise Institute
Congress
Bruce D. Schobel
New York Life