For $168 Billion, Only a Band-Aid for Social Security


 

Publication Date: February 1983

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Peter G. Germanis

Research Area: Banking and finance

Keywords: Social security

Type: Report

Abstract:

Congress must begin the process of splitting Social Security into its welfare and insurance elements, funding the welfare segment out of general taxation, and allowing workers the option of either contributing to a restructured Social Security pension plan or contributing the same money to a private plan.