Social Security Info

Debunking The Conservative Attack On Social Security, has lots of good info about Social Security. Bottom line things are lots better than the hysteria predicts.
Some choice quotes:

"The system is also efficient: the cost of administering Social Security is less than 0.7% of annual benefits, compared to administrative costs at private insurance companies that are on average more than 40 times as high."
Conservatives, then and now, know it's far easier to minimize -- or eliminate -- programs that benefit only the poor."
This rationale was used in 1981 in arguing for the Reagan tax cuts. The rates were cut--and savings actually *declined*.

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This page contains a single entry by fozbaca published on February 10, 2002 5:42 PM.

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