Social Security Is in Good Shape?

Social Security Is in Good Shape?

Tanner repudiates the assertion of Gene Lyons, who claimed that the Social Security is not facing a crisis and it's program is just fine, able to pay promised benefits far into the future, needing only minor changes after that. Among others things, he argues that contrary to Lyon's avermen...

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Veröffentlicht in:The Freeman (Irvington-on-Hudson, N.Y.) N.Y.), 2005-05, Vol.55 (4), p.6
1. Verfasser: Tanner, Michael D
Format: Magazinearticle
Sprache:eng
Schlagworte:
Lyons, Gene
Payback method
Payroll taxes
Retirement benefits
Social security
Trust funds
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Zusammenfassung:Tanner repudiates the assertion of Gene Lyons, who claimed that the Social Security is not facing a crisis and it's program is just fine, able to pay promised benefits far into the future, needing only minor changes after that. Among others things, he argues that contrary to Lyon's averment, the current Social Security system is a "pay-as-you-go scheme, and is not a savings or investment system, but a simple transfer from workers to retirees.
ISSN:0016-0652