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Excerpts from the Washington Post's Editorial "A Phony Lockbox"

June 8, 1999

"The legislation would do nothing to solve the Social Security's financial problem either. The long-term mismatch between prospective revenues and costs would continue to exist. Nor would the bill make any operational change in the shorter run. . . . The lockbox is thus a sham…"

Read the full text of the Washington Post's editorial

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A medium income worker born after 1965 can expect a rate-of-return of less than 2% on his or her Social Security taxes.
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