Social Security's battle over values
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President's plan to overhaul Social Security reflects bigger fight of free market vs. safety net.
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The White House is looking for ways  to sell jittery members of Congress and the public on a  controversial strategy that would revamp Social Security by  reducing future retiree benefits, analysts and Republican  sources say.
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All the tactics of a political campaign &#151; TV ads, grass-roots organizing, town hall meetings and polling &#151; are being tapped to influence opinion and pressure lawmakers in the explosive debate on Social Security.
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Bush's push to reform Social Security and other programs frames a deeper clash between individualism and safety net.
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WASHINGTON - More than 47 million Americans receiving Social Security will get a 2.7 percent increase - an extra $25, on average - in their monthly checks next year, but much of the increase will be eaten up by higher Medicare premiums.    The Social Security Administration announced the cost-of-living adjustment Tuesday, and the increase will start showing up in checks in January...
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The following editorial appeared in the St. Louis Post-Dispatch on Thursday, Feb. 8:  Do people earning more than $200,000 a year deserve a welfare check from Uncle Sam? Of course not.
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Officials representing business groups, financial service companies, banks and insurance firms are gearing up for a legislative fight over Social Security, telling White House officials Thursday they are solidly behind President Bush's desire to remake the retirement system next year.
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If there will ever be a year when the political stars are aligned for President Bush to revamp Social Security, it may be 2005. But he still must persuade wary Republicans in Congress to follow his lead.
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The Social Security Administration's Web site and customer service lines are pushing the need to "modernize and reform" the retirement system, saying the future shortfall is "massive and growing," and promoting personal investment accounts as a financial fix.
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The idea that letting people invest some of their Social Security money in the stock market will allow for higher returns is as flawed as a perpetual motion machine.
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President George W. Bush&#39;s bid to restructure Social Security and make tax cuts permanent competed with budget and trade deficit concerns during a two-day conference of economists and executives that began today.
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Social Security, the entitlement that keeps millions of elderly Americans out of poverty with monthly checks gleaned from payroll taxes, ranks as one of Flint Journal readers&#39; top issues in this presidential election.
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Estimates are that by 2018 the Social Security system will start paying out more in benefits than it collects in taxes. By 2042, with the deficit approaching $13 trillion, the tax revenues are only expected to cover about 73 percent of benefits owed.
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President Bush acknowledged the dicey politics of Social Security as he urged Congress to approve his plan to add personal accounts to the system. With the system in financial straits, he said, any political price is worth paying.
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THE PROBLEM: Social Security faces a &#36;3.7 trillion shortfall over 75 years.
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The nation's 47 million Social Security recipients got a bit of good news yesterday: their checks next year will increase 2.7 percent, or an average of $25 thanks to the program's annual cost-of-living adjustment. But looking further into the future, the news is less encouraging. A trio of forces -- higher taxes, rising medical costs, and a mandated increase in ...
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Congress should consider more sweeping changes in Social Security than President Bush's call for personal accounts, a prominent House committee chairman said Tuesday, possibly including different benefits for men and women.