Social Security Reform

MICHAEL TANNER Director of Health and Welfare Studies, Cato Institute (Washington, D.C.) Chairman, Cato's Project on Social Security Privatization Author, A New Deal for Social Security (Cato, 1998) ROBERT REISCHAUER Senior Fellow, Brookings Institution (Washington, D.C.) Former Director of the Congressional Budget Office (1989-1995) Author, Countdown to Reform: The Great Social Security Debate (Century Foundation Publications, December 1998) KAREN FERGUSON The Pension Rights Center (consumer advocacy group in Washington, D.C.) Co-author, The Pension Book: What You Need to Prepare for Retirement (Arcade Publishing, NY, May 1996). President Clinton and Congress both want to fix the nation's retirement system. But they disagree about how to do it. In his State of the Union address last week, the President said he wants to use some of the projected budget surplus to shore up social security. He also wants to invest a portion of the social security trust fund in the stock market — a move that Federal Reserve Chairman Alan Greenspan and many Republicans oppose. Ray Suarez and guests examine the President's plan to overhaul Social Security on the next Talk of the Nation from NPR news.

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