A new report by Allison Kasic at the Independent Women’s Forum explains the Social Security crisis in stark terms that anyone, but especially those younger workers, can understand :
You donÃ¢â‚¬â„¢t need to know much about economics to see
that the two options for bringing the system into balanceÃ¢â‚¬â€
cutting benefits or raising taxesÃ¢â‚¬â€are about equally undesirable.
You might as well be choosing between a Jessica Simpson CD
and an Ashlee Simpson CD: Either way you lose.
She goes on to explain how personal retirement accounts are the only real way to guarantee future benefits to today’s younger workers. Check out the full .pdf of the report.