Commentary: Social Security: Let It Be

It needs repairs, not radical surgery

Only a few years back, Social Security was the dreaded third rail of American politics. Touch it and your political career was incinerated. But in 1999, Social Security reform will be at the top of everybody's agenda in Washington. Politicians of every stripe are scrambling to get in on the debate. On Nov. 19, Congress was scheduled to begin hearings on the health of the system. On Dec. 8, President Clinton will convene a conference of labor leaders, women's groups, economists, and politicians to talk about "saving" Social Security. And he'll most likely make Social Security his top priority in the State of the Union message in January. "This is going to be the numero uno debate" for Congress next year, predicts Representative James T. Kolbe (R-Ariz.).

To continue reading this article you must be a Bloomberg Professional Service Subscriber.