Why Are We So Insecure About Social Security?

The new 32-member bipartisan Commission on Entitlement & Tax Reform is on a crusade to demonize entitlements, particularly Social Security. The commission was authorized in the 1993 budget accord as part of a bargain to win the vote of Senator Bob Kerrey (D-Neb.), who was named commission co-chair. At its first public meeting on June 13, Kerrey declared: "Entitlements are a barrier to savings and economic growth....They will bankrupt America if we do not bring our commitments in line with our capacity."

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