As White House Begins Campaign for Overhauling Social Security, Critics Claim Exaggeration
WASHINGTON, Jan. 9 - In the first phase of a strategy to build support for overhauling Social Security, White House officials are planning to describe the retirement program as a system in "crisis" whose promises to younger workers are a "fiction.".....
But opponents of Mr. Bush's approach say he is greatly exaggerating the problems to sell his plan to scale back Social Security, the government's biggest and oldest social program.
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The government's long-term projections for Social Security have become more optimistic over the last eight years. Since 1997, government actuaries have pushed back the date of projected insolvency from 2029 to 2042.
The nonpartisan Congressional Budget Office, using different assumptions, predicts that the trust fund will last even longer, until 2052.
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Democratic lawmakers, pledging to protect what they regard as one of their party's most enduring achievements, insist that Social Security's problems can be easily fixed by tweaks to payroll taxes and benefit formulas.
"Their strategy is, we're going to scare people, cut benefits, privatize and call it a reform agenda," said Representative Rahm Emanuel, Democrat of Illinois.
http://www.nytimes.com/2005/01/10/politics/10social.html?oref=login