Wednesday, June 01, 2005

Can the rich, famous save Social Security?

By Dennis Cauchon, USA TODAY
Wed Jun 1, 6:33 AM ET

Can Tiger Woods save Social Security?

The question is not as far-fetched as it sounds. President Bush broke political orthodoxy April 28 when he proposed that Social Security benefits grow more slowly for "better off" workers than low-income workers.

The president's proposal raised the tantalizing question: Can Social Security be fixed on the backs of the wealthy - leaving most Americans unscathed?


The populist theme of targeting the affluent has become one of the most talked-about approaches for solving the retirement system's financial problems. Like his call for individual investment accounts, the president's willingness to discuss treating the rich and poor differently has opened a new chapter in the Social Security debate.

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