Social Security

Why Not Simply Repeal Social Security?

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As the November congressional elections approach, Social Security is certain to become a topic of political conversation. With a budget surplus in mind, Republicans are seeking an $80 billion tax cut for the American people. President Clinton is threatening a veto. He says that taxes can't be cut because ... [click for more]

Social Security Has to Go

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President Clinton has jumped on the Social Security reform bandwagon. As a believer in government-sponsored pensions, he thinks he can fix the system. He is wrong. Social Security cannot be fixed. There is only one thing to do: junk it. The financial problems with the system have ... [click for more]

Repealing, Not Reforming, Social Security, Part 2

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Part 1 | Part 2 What, then, do we do about Social Security? There are three general alternatives. The first is to tinker, while keeping Social Security essentially as it is. The second is to privatize the system by paying off current retirees and mandating private retirement contributions. The third is to simply repeal Social Security. First, tinkering with the ... [click for more]

Repealing, Not Reforming, Social Security, Part 1

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Part 1 | Part 2 Social Security may be the most important domestic issue in Washington today. Everyone in the nation's capital is for a balanced budget, or so it seems. Even if these most election-minded of politicos were serious, however, there would remain a rather serious fly in the ointment. Politicians preaching a balanced budget want us to believe ... [click for more]

The Repeal of Social Security

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Sixty years ago — on August 14, 1935 — President Franklin D. Roosevelt signed into law the Social Security Act. It was one of the major political events that transformed the United States into a welfare state. It was a law that enabled government to use the force of taxation to ... [click for more]

Electing Our Daddy

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For 125 years, the American people elected a president. During that time, the powers of the president were extremely limited. The American people did not permit the passage, for example, of income taxation, drug laws, and welfare laws. They also refused to permit a large standing military force. And they did not allow their government to engage in foreign ... [click for more]

Letting Go of Socialism

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Socialism has held the world in its grip since the beginning of the 20th century. People everywhere fell for the seductive allure of governmental security. Now on the eve of the 21st century, people all over the world are considering letting go of the socialist nightmare. But tragically, one of ... [click for more]