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Social Security at a Crossroads |
| Section: CURRENT ISSUES / COMMENTARY |
| Author: John Porter |
| Publication: The world & I online |
| Issue Date: 4/1/1990 |
| Size: 2,635 Words, 15,250 Characters |
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Sen. Daniel Patrick Moynihan (D-New York) has done the country a service by taking the future of Social Security out of the politically unmentionable category and putting it on the table for discussion and debate. He also deserves credit for forcefully putting before the American electorate a fact Congress and the administration would prefer keeping under the rug: We are spending the Social Security reserve currently to make our general revenue deficits look smaller than they really are: $54 billion last year, $65 billion this year, and more billions in the future will not be there when they are needed for the baby boomers' retirement in the next century.
The senator has joined in raising the alarm that this practice - thievery is not too strong a word - will destroy Social Security...
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...CA tax rate, have an even greater consumption ball, and let people in the twenty-first century attempt to sort out our mess. Or, we can begin the process of building the kind of Social Security system that will invigorate our economy, energize our workers, and give our foreign competitors fits. Cut the tax, but save and invest the refund. That's a policy thinking Americans can believe in.
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