A Lot of Trust, but No Funds: You Don't Have to Totally Agree with Bush's Social Security Commission to See That Its Analysis of the System's Financial Problems Is Right On

One of Washington's biggest industries is producing documents that nobody reads, for good reason. But showing that every rule has its exception, the presidential Social Security commission last week produced a two-page gem: an explanation, buried in its 30-page preliminary draft, of why almost everything that almost everybody thinks about the Social Security trust fund is wrong. Tune out the predictable partisan noise--the Bushies and their fee-hungry Wall Street allies praised the draft, many Democrats and member-hungry advocacy groups hated it--and turn to pages 16 and 17. You find a wonderfully clear discussion of why the trillion-dollar Social Security trust fund doesn't help solve the …

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Publication information: Article title: A Lot of Trust, but No Funds: You Don't Have to Totally Agree with Bush's Social Security Commission to See That Its Analysis of the System's Financial Problems Is Right On. Contributors: Not available. Magazine title: Newsweek. Publication date: July 30, 2001. Page number: 34. © 2009 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. COPYRIGHT 2001 Gale Group.

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