Advertisement
YOU ARE HERE: LAT HomeCollectionsSocial Security Items
IN THE NEWS

Social Security Items

FEATURED ARTICLES
BUSINESS
September 22, 1985
I urge you to print an explanation of the contradictory and untrue (purposely or due to ignorance) article by Edward R. Roybal, which says there is a surplus in money required to pay current benefits for a long time at present tax rates. Then it says payments equal 25% of the total federal budget. Of course it does not legitimately belong in the budget, since Social Security taxes are solely for Social Security and have created a surplus (as of now). Therefore, payments for Social Security benefits are not paid out of general taxes.
ARTICLES BY DATE
BUSINESS
September 22, 1985
"Should Social Security Be Scrapped, Changed?" (Viewpoints, Aug. 18) included three articles. In the first, Edward R. Roybal ("System's Great Success Is Best Argument for It") points out that Social Security provides families with protection against risks that no savings or investment plan could, and for which private insurance would be prohibitively expensive. Peter J. Ferrara ("A Miserable Deal for Today's Young Workers") explains the Social Security tax rate, which is far higher now than years ago, and the poor prospects for a decent income when they retire.
Advertisement
BUSINESS
October 6, 1985
I was disappointed to see that Carl Levin of Los Angeles ("Basic Fact Ignored in Social Security Items," Letters, Sept. 22) completely missed the point of my article ("The Program Is Good, but It Should be Redesigned to Eliminate Flaws," Viewpoints, Aug. 18). I have never advocated turning the Social Security system over to private enterprise; on the contrary, my proposal was that the system be restructured from within. Neither I nor any other actuary would stand to gain anything if my proposal were to be adopted.
Los Angeles Times Articles
|