Social Security (to NYT)
To the editors:
As Bush launches his $100 million public relations blitz to justify borrowing $2 trillion and still cut Social Security benefits, it is important to remember that Social Security is doing a great job as a fail-safe to keep out of poverty those citizens who worked hard all their life and earned the benefit.
It's very point is it's safety from the vagaries of the market! We don't need more ways to risk savings in the market because we have plenty today. Sure, we should look at ways to encourage more savings in America but the problem isn't Social Security, it's low earning power for so many citizens.
What we most need is to broaden prosperity for average Americans, not break our working Social Security system. That would be worth borrowing $2 trillion for!