INAUGURATION 1997: BANKING ON STOCKS

THIS (GULP) IS HOW TO FIX SOCIAL SECURITY IN ONE STROKE

Like Russia going capitalist, the idea of America sinking Social Security revenues into stocks may not sit well with a lot of folks. But set aside the doubts, endure the initial pain, and 10 or 20 years from now everyone will be better off. Boris Yeltsin jumped on a tank to defend that strategy. We need only say, "Do it."

Defeating armed insurrection may sometimes seem easier than getting Washington to do the right thing. But this one's a no-brainer. Over the long term, stocks return two or three times more than Treasury securities, which by law is where the current...

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