Philip Moeller proposes a few minor changes to make social security solvent long-term. He concludes:

Given the Swiss-cheese appearance of private investment accounts and pensions, it's understandable that we've had multiple Congressional hearings about the adequacy of 401(k)'s and IRAs. But restoring confidence in consumers about their financial futures could be more effectively and appropriately achieved if we made sure that Social Security would be dependable for the next 75 years. Having done this, we then need to pound this point home to consumers and help educate them about financial responsibility and Social Security's role in a successful retirement system.

(hat tip: Briggs)

We want to hear what you think about this article. Submit a letter to the editor or write to