Social Security Turns 70
President Bush and House Republicans have yet to build a groundswell for shifting a portion of Social Security payroll taxes to individual accounts for younger workers. Whatever returns these investment accounts earn would supplement future benefits.
Mr. Bush's proposal for addressing a looming insolvency in the government retirement program by trimming future benefits for high and middle-income earners also has yet to get traction.
Interest groups and lawmakers on all sides are using the program's 70th anniversary Sunday as an occasion to kickstart a debate begun last winter when Mr. Bush made Social Security the centerpiece of his State of the Union address. That debate had faded by summer, but House Republicans still hope to vote on some version of the revisions this fall.
comments powered by Disqus
- Stephanie Coontz’s work on the history of marriage cited by the Supreme Court.
- How Does It Feel To Have One’s Work as a Historian Cited by the Supreme Court? Cool. Very Cool. Thank You Very Much.
- NYT History Book Reviews: Who Got Noticed this Week?
- David Hackett Fischer wins $100,000 prize for lifetime achievement in military writing
- Russian historian slams Putin