Is There Really A Crisis?

Social security is a long way from bankrupt, despite the President's assertions. Why, then, is Bush taking on America's biggest, most successful social program ever?

Free-market crusader Stephen Moore learned over the years that the quickest way to bring an abrupt end to a conversation was to mention two words: Social Security. He remembers a White House meeting in the mid-1980s at which he raised the idea of overhauling the program as a way to cut the deficit--and a top Reagan Administration official pretended to have suddenly gone deaf. Years later, Moore brought it up as Newt Gingrich and his wrecking crew were drafting the Contract with America, which would be their manifesto for taking over the House. Again, no sale. "It was one thing every...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!