Development Working Paper No News Today

A reformed Social Security with personal retirement accounts can domuch more than reducing the program's coming fiscal problems. Itwould also allow workers to build family nest eggs; give workersgreater asset control; strengthen communities' economic base; yielda higher rate of return; and allow workers benefit ownership.

U.S. Lawmakers should focus on boosting the productive capacity of the economy by reforming the tax code to prioritize economic growth and opportunity.