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The Social Security system is projected to run out of money some time in the future because we are living longer, we have fewer Employees paying for each Retired person, etc.

The current administration has identified this as a serious problem and proposed that it may be solved in the "Out years" by allowing younger people to invest some of the money that they currently are required to put into the US government system into private investments. The details of this are yet to be worked out.

• Discussion sites on Social Security
  • Public Addenda Discussion on Social Security – This site tends to be the closest to my idea of the type of presentation of the various positions and discussions on issues.
    
• How much of a problem is the Social Security system in?
  • Social Security department of the US governmant
  • Social Security Basics -- A starting point for publications explaining what Social Security is and how it works, plus an introduction to the debate over Social Security’s future. The Centuary Foundation
  • Social Security's Financial Crisis The Cato Institute
  • President's Commission to Strengthen Social Security (PDF report 12 Mb) -- On May 2, 2001 President Bush announced establishment of a bipartisan, 16-member Commission "to study and report specific recommendations to preserve Social Security for seniors while building wealth for younger Americans. (as part ot the requirements "Modernization must include individually controlled, voluntary personal retirement accounts, which will augment Social Security.")
  • Social Security Reforms: Necessary or Not? -- WSJ dialog by Arnold Kling and Max Sawicky, Jan 19, 2005
  • Slashing Social Security: Bush Plan Cuts Benefits -- Moving Ideas, A project of The American Prospect -- Jan 11, 2005

     

• What are the possible solutions?

• Minor adjustments to current system
  • AARP position paper –  They feel the moderate changes in the current system will be sufficient to keep it solvent. <Org>
  • Reforming Social Security: A Balanced Plan by Peter R. Orszag and Peter A. Diamond December 2003, Brookings Institute
  • The Lowest Deep -- 6 minor adjustments to current system, Adam O'Neill-- Nov 15, 2004
    • comment by Mathew Yglesias -- Jan 7, 2005
    • Why Not Means-Testing? from The Cardinal Collective
• Privatize much of the current system
  • Social Security phase-out strategy playbook congressional Republicans used at their retreat over the weekend. 1/30/2004 (See: Talking point comment on author)
  • Bipartisan Retirement Securities Act of 2004 -- Meets the criteria for reform established by the President's Commission to Strengthen Social Security -- Feb 11, 2004
  • Cato's Project on Social Security Choice has developed a Social Security reform plan based on savings, investment, and personal ownership.
  • Why privatizing is BAD
  • Twelve Reasons Why Privatizing Social Security is a Bad Idea, -- The Century Foundation, Dec 14, 2004
  • Chuck Blahous (Special Assistant to the President for Economic Policy) answering questions about the President's agenda for strengthening Social Security -- (ask the Whitehouse archive, January 11, 2005
  • Social Security And Freedom -- Matthew Yglesias, Jan 11, 2005

• Editorials
  • Anti Privatization
    • Social Security's value, (Anti Privatization) Dec 27, 2004, Boston Globe
    • Inventing A Crisis, PAUL KRUGMAN, archive, Dec 7, 2004 -- (NYT patial link)
  • Pro Privatization
    • How Others Do Social Security, Dec 27, 2004; Wall Street Journal
• Open Blogs
  • Social Security Part I: Insurance and Risk Premiums -- Dec 30, 2004 -- Angry Bear
  • Social Insecurity: the annuity problem-- Dec 28, 2004
  • The Lesson of Thrift-- Personal accounts already work (which might be why the critics are so scared). -- NRO, Dec 28, 2004
  • One man's retirement math: Social Security wins --Dec 27, 2004 edition -- Christian Science Monitor

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