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other words, beneficiaries have been doing a little better than the true rate of inflation. Simply by reducing the CPI by 1.1 percent a year the government could save approximately $1 trillion in 12 years (Thomas 2). The benefit payments would still rise with the true cost of living, but the Social Security trust funds would be able to remain solvent well past the expectation dates proposed by the trustees. This simple solution also has been thwarted by political apprehension. US economist Daniel Patrick Moynihan, states, “politicians are scared of each other and the AARP” (Thomas 2). It may be likely, though, that President Clinton will appoint a non-partisan committee to review the Social Security Issues and lower the CPI, and thus benefits, through protected legislative order, sparing any legislators.

The final proposal by radicals is to abolish many programs, including Medicare, which may not be necessary to the substantial living of some individuals. They also feel that a means test be established to decide who and who does not need assistance. These ideas have been mostly shot-down due to a favorable opinion of the Social Security system in general, and the fact that it requires more government regulation to institute the means tests.

All of the plans are impractical, if implemented solely. Alone, each creates large practical risks for the system. Perhaps the best plan is to drop economic ideals and to find a compromise in the different economic fervors that put the idea people at each other’s throats. A solution may be found to solve the different aspects of Social Security by combining different plans. The president needs to appoint an independent (completely independent) and non-partisan committee to propose a Rose 6 total solution that would ensure complete payment of all Social Security entitlements for at least the next 75 years. Perhaps with this, a real fix can come about so the up-coming generation (Gen-X) will receive benefits that are currently being paid from earnings.

Adde, Nick. “Nunn: Social Security Key to Cutting Deficit.” Navy Times 14 Apr. 1997:

Issues.

McNamee, Mike. “The Bullet not Bitten.” Commentary. Business Week 11 Nov. 1996;

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“Social Security: A Program’s Rise.” Journal of Economic Perspectives 1995.

“Social Security Alternatives.” New York: Capital Publishing Ltd., 1996. United States.

Office of Management and Budget. Implementing Welfare Reform. Washington: OMB,

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http://userdata.acd.net/demarco.chris/sspriv.htm

http://www.socialsecurityreform.org/

http://www.network-democracy.org/social-security/ff/faq/faq.html



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