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Article: Social Security: Let's keep it secure!
- Article from:
- NEA Today
- Article date:
- October 1, 2000
- Author:
CopyrightCopyright National Education Association Oct 2000. Provided by ProQuest LLC. (Hide copyright information)
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`Voucherizing' Social Security could rip the system apart
When author and investment firm executive William G. Shipman discussed the Social Security system last year with a group of Florida investors, he warned of a long-term funding shortfall. His solution, the Naples Daily News dutifully reported, was to give "individuals the freedom to invest all or part of their payroll taxes into individually owned, privately invested accounts. Otherwise the system as it exists today will go broke."
During this year's Presidential campaign, you'll hear more about this solution for a "failing" Social Security system. But before you invest in this idea, ask detailed questions about the real state of ...