Visit the conference website and watch streaming video of the event. Reengineering Social Security in the New Economy , by Thomas F. Siems, January 23, 2001. The annual report from Social Security's Trustees shows mixed results for the nation's ailing pension program. And Social Security's long-term payroll tax deficits actually increased. Clearly, the need for reform is stronger today than ever.
Personal accounts can make the system solvent.
But more importantly, they give workers the right to control their retirement planning, to create wealth and pass it on to future generations, and to build retirement nest eggs on a foundation of real investment delivering higher rates of return. We don't know where the economy will be a year from now, ten years from now, or fifty years from now. But we do know the population is aging and the Baby Boomers will soon retire. The Cato Institute Project on Social Security Privatizaton E-mail the Webmaster 1000 Massachusetts Ave.