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  Tuesday  December 7  2004    11: 04 AM

social security

The Republicans are working hard to convince you of Social Security's imminent collapse. Nothing could be further from the truth. It's just more Republican fraud. They just want to get their hands on your money. A must read...

Inventing a Crisis
by Paul Krugman


Privatizing Social Security - replacing the current system, in whole or in part, with personal investment accounts - won't do anything to strengthen the system's finances. If anything, it will make things worse. Nonetheless, the politics of privatization depend crucially on convincing the public that the system is in imminent danger of collapse, that we must destroy Social Security in order to save it.

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