Social Security Sustainable: Productivity Improvements Enlarge the Pie, Facilitate Funding Boomer Benefits and Beyond

Social Security Sustainable: Productivity Improvements Enlarge the Pie, Facilitate Funding Boomer Benefits and Beyond

huffingtonpost.com — Attempts to undo or diminish Social Security began upon the program's enactment; they continue unabated. Early charges of unconstitutionality foundered when the Supreme Court upheld the law. The Bush push for "privatization" shocked but did not awe. Participants and the public know that work and contributions earn the program's benefits. The recession tailspin of 401(k)s and Individual Retirement Accounts (IRAs) demonstrated anew the unreliability of private, individual accounts; emerging news of their hidden fees further weakened their reputation. The latest bumper-sticker slogan that "Social Security is unsustainable" doesn't stand up under scrutiny.

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