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1、Unit10UnderminingSocialSecurity'sBasicObjectivesEricKingsonandJohnWilliamson1.Therealsocialsecuritycrisisisthepossibilitythattheadvocatesofmeans-testingandprivatizationmightsucceedin"endingsocialsecurityasweknowit."Shouldthisoccur,politicalsupportforsocialsecuritywillbeeroded,themor
2、albasisofthiscommunitarianinstitutionwillbediminished,andAmerica'sfamilies-especiallylowandmoderateincomeones-willbeplacedatgreatereconomicrisk.2.Whileanexcellentpoliticalstrategyforframingthepolicydebatebythoseseekingtoshrinkthepublicsector,thealarmistviewthatsocialsecurityisheadin
3、gtowardfinancialdisasteriswrongonseveralcounts.Evenifnopolicychangesweremade,after2029incomingpayrolltaxeswouldstillfundpensionsataround77percentofcurrentlevelsaccordingtosocialsecurity'sboardoftrustees.Giventhecurrentpolicyofmakingperiodicadjustmentstokeepthesysteminaprojectedbalan
4、ceseventy-fiveyearsintothefuture,itisreasonabletoassumethatsomeofthe23percentgapthatremainedwouldbemadeupbymoderatebenefitreductionsandpayroll-taxincreaseswellinadvanceof2029.AsRobertBallandmanyotherspointout,therearemanyreasonablewaysofaddressingtheproblemswithouttheradicaltransfor
5、mationthatcriticsarecallingfor.3.Evenso,thisalarmistviewisfindingfertileground.TheThirdMillennium,amedia-savvyorganizationpurportingtorepresent"generationX,"gleefullycirculatesitspollingresultsshowingthatAmericanadultsunderage35havemorefaithintheexistenceofUFOsthaninthefutureofsocia
6、lsecurity.BostonGlobecolumnistJeffJacobyandothersregularlyrefertosocialsecurityasahugePonzischemethatisbankruptingtheyou.ng.Timemagazinepromotes"TheCaseforKillingSocialSecurity"onitscover.TheConcordCoalitionmakesthemeans-testingofsocialsecurityandotherentitlementprogramsthecenterpie
7、ceofitsdeficit-reductionplan,arguingthatthenation'sleadersshould"stopwastingourmoneyonprogramsthatdonotworkandonentitlementpaymentsforthewell-off."TheChangedDebate4.Thosecallingforaradicalrestructuringofsocialsecurityhavebeenverysuccessfulintheireffortstoshiftthetermsofthedebate.The
8、yunderstandwellther
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