The Politic

Private Accounts

  • By
  • Maya MacGuineas,
  • New America Foundation
May 13, 2003 |

Finding a solution to the problems facing the Social Security system will be one of the more formidable tasks Congress is faced with in upcoming years. The nation's public retirement system is the primary provider of funds for the majority of retirees and the largest direct tax on most workers. Implementing changes will therefore be a tricky balancing act between ensuring adequate benefit levels and managing costs.

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