No sooner has the ineffective and unlamented "lockbox" gone to its grave than the next Social Security gimmick enters the scene.
Congressional Republicans are promoting legislation to issue certificates to each new retiree to "guarantee" their Social Security benefits would never be cut. Designed to make necessary reforms more palatable, these guarantees are little more than a P.R. stunt and, worse, one that is likely to backfire. Even today, as criticism of guarantee legislation mounts, Republican leaders hope to sneak it… more
