"Rebuilding Social Security, Part 1: The Crisis Continues" heritage.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heritage.org Daily Mail and Mail on Sunday newspapers.
American workers could accumulate wealth in the thousands (in some cases, hundreds of thousands) of dollars through a Social Security reform that includes personal retirement accounts. This increased wealth would be in addition to a maintenance level of Social Security benefits and could help millions of parents, their children, and their grandchildren to attain greater economic security and independence through their own personalized retirement assets.
(Archived document, may contain errors) 467 November 4, 1985 FOR SOCIAL SECURITY, THE CRISIS CONTINUES INTRODUCTION The Social Security system's financing crisis has not been ended the 1983 legislation, designed to "rescue" the Social Security system most lawmakers have convinced themselves tha t the retirement program now has a rosy long-term future. One commentator has even talked mockingly of a "crisis of riches anticipating enormous surpluses that will need to be spent. Nothing could be further from the .truth.