Stanford Review - Archive - Volume XXVI - Issue 1 - Opinion
Social Security: Who Invests Your Money?
The United States Social Security system has been tremendously successful in raising retirees' standard of living in the past century, but in its current form it is both financially and structurally unsustainable in the next. The Old-Age, Survivors, and Disability Insurance (OASDI) trustees estimate that the program has a 75-year financial imbalance of 1.89% of payroll. That is, payroll taxes must be immediately raised by about two percent or benefits cut by a corresponding amount for the books to balance in 2074. Even with a direct response now the Social Security system is structured so that another reform will be necessary within a few years to correct deficits projected farther into the future.
.....Full story.....by Scott Rasmussen
Preservationist Forces Are Counterproductive
It seems obvious to many people that, by locking up vast stretches of federal land at the end of his term, President Clinton favored the future over the present. Instead of using up all of our natural resources today, we have set large pieces of the country aside for future generations. But is it really an act of generosity towards the future to lock up federal lands?
.....Full story.....by Alec Rawls
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