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Title: Fear vs. principle
Review: Why are people afraid of "choice, ownership, and inheritability" (as the Cato Institute's ad campaign puts it)? Social Security benefits are not in any way guaranteed under the current system. You can pay your whole adult life into the system expecting to retire at a certain date only to have Congress change at its discretion the terms and benefits of the program! But don't believe me: Read the opinion of the Supreme Court case Flemming v. Nestor (1960) for yourself. Also, consider the findings of the President's Commission to Strengthen Social Security, the members of which were evenly split between Democrats and Republicans and co-chaired by Daniel Patrick Moynihan (D-NY). Their report is a nonpartisan look at the current state of Social Security--considerably more fair in its conclusions and recommendations, and assessment of the problem, than this partisan defense of a bloated and archaic Ponzi scheme.
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