Like the flag and motherhood, "the old-age, survivors, disability, and health-insurance program," popularly known as Social Security, has long enjoyed an almost sacrosanct status with politicians and the public. Basically a Government-administered plan under which retired workers receive as a right financial benefits paid for in taxes by employees and their companies, the once modest program has developed into a mammoth system that touches the lives of practically every American. Despite the program's undiminished popularity, however, payroll deductions to pay for rapidly growing benefits have soared in recent years, with the most painful burden...
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