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The security of Social Security

About 2 pages (493 words)

The Boston Globe, December 26th, 1993

Full Social Security benefits at a later retirement age, floated as a possibility by Treasury Secretary Lloyd Bentsen last weekend, will probably not make the grade politically and may be unnecessary, but even mention of the issue calls for a look at the system. The view is a good one. Bentsen reopened a discussion that had been part of Congress' major overhaul of Social Security in 1983, when it faced a serious and growing imbalance between revenues and retirement benefits. Included in that package were major adjustments in the payroll tax to meet obligations well into the next century, inclu...

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