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Right now, all over Rappahannock
Country citizens are engaging in a national debate about the future of Social Security, the grandest of old government benefit programs. Most , people already know the basic arguments being made.
The Bush administration and conservative media outlets of every stripe have sounded the alarm, saying that Social Security will go broke in the coming decades without reform.
The Washington Post and some Democrats and liberals argue there is a problem, but it isn’t a crisis, accusing the administration of inventing a crisis to push dismantling the guaranteed benefits of Social Security.
The Bush administration and a segment of the Republican Party are pushing the creation of personal accounts, paid for by partially dismantling Social Security. Supporters of this idea argue that the power of compound interest gained on investments in the stock market will solve the looming funding crisis in Social Security caused by the retiring “Baby Boomers,” and the trend toward longer lifetimes.
Some critics claim that the problem is not pressing, that the
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