Answering the Myths about Social Security

Dr. Thomas R. Saving writes:

Social Security reform is at the top of President Bush’s second term agenda — and for good reason. In the next decade, two monumental shifts will occur: 1) the first of the 77 million baby boomers will start drawing benefits and stop paying payroll taxes, and 2) funds available to pay Social Security and Medicare benefits will fall increasingly short of promises we have made.

A great deal of misinformation is being spread in the debate over the need to reform our elderly entitlements programs. The record needs to be set straight.