How Should We Fix Social Security?

The debate promises to be passionate--and prolonged

Fanfare? Forget it. The last thing the Clinton White House wanted was to make a big deal out of the report by its Advisory Council on Social Security. But that couldn't keep the 261-page tome from shaking up Washington when it was released on Jan. 6. The panel's blueprints for overhauling Social Security and putting some of its cash into the stock market will bring a seismic shift in the debate over the nation's biggest domestic program--and may shake the foundations of the largest and most potent legacy of the New Deal. They also could give the U.S. economy a major-league boost.

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