America's Retirement Future

Posted

by Jeffrey Lewis (NAPSA)—Theft or embezzlement? That was the debate between Senators Daniel Patrick Moynihan (D-NY) and John Heinz disability benefits for more than 100 million Americans in the next 30 years. Today, that farsighted success is threatened by several factors: cussed how best to protect the growing Social Security Trust to pay for tax cuts, wars, and profligate federal spending to bail out Wall Street speculators and rash investors. Pressing fiscal realities encourage someto raid the Social Security Trust Fund. The “thieves and embezzlers” that Heinz and (R-PA) in 1990, when they dis- pee Fund reserves. Both agreed that failure 7 to account properly = for the huge pool of we savings would con-—stitute a political —~crime but differed on