Our Social Security system is not "in crisis."
It has a problem of manageable size.
If we fix it now, all we need do is raise the taxes used to fund the system by as little as .5% (CBO estimate) to 1% (SS Trustees estimate) of subject payroll for employee and employer, each. For a family making $40,000, that's $200 per year, or about half the tax cut the administration claims they received.
That doesn't mean that is the only solution, or even the best solution, but it does give the most accurate description of the size of the problem.
Truth About Social Security is dedicated to looking at the current system and possible fixes and major overhauls honestly and openly, without bias and based on the best and most objective data and analysis available.
To that end, we have organized the site into the following sections:
Current Social Security: What the current system is and is not, and projections by the Social Security actuaries and Congressional Budget Office staffers relating to the solvency of the current system over the next 75 years. This section also highlights the myths and misimpressions about the current system.
Options: A description of the various options being explored and the contribution they might make to fixing the problem.
Privatization: The most controversial change is discussed separately, because, by itself, it has no effect on the real problem.
Proposals: Some of the more definitive proposals (and our own) for overhauling the Social Security system.
Speeches (and Articles): An analysis of major speeches, articles and news show appearances by administration officials, advocates and experts on the alternatives.
Terms: The definitions of terms used the general debate.
References: Links to other information and analysis of the current system and proposals from objective analysts.
Advocates: Links to advocacy groups (lobbyists, trade organizations and think tanks with an agenda).
©Copyright 2004, 2005, Michael Rosenberg. All rights reserved.