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| Social Security April 1, 2001 Social Security is not in as much trouble as some would lead us to believe according to the program's Board of Trustees new annual figures released on March 19. Strong economic growth will continue to strengthen one of the most successful government programs of all time. According to the report, without any changes to the present program, workers can still count on receiving all promised benefits until 2038. After that, even without changes, workers can still depend on receiving 70% of promised benefits for the rest of the century. That projection is up from earlier projections of the program running out of money by 2029. With the report showing that the status of Social Security will continue to improve with the economy, it is important that President Bush and the Republican Congress not squander this historic opportunity. Spending the projected budget surpluses by giving too large a tax cut slanted toward the rich while ignoring investments in education, training and health care that contribute to economic growth is unwise.
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