For decades, policy wonks on the Republican fringes had talked about turning Social Security, the government safety-net program for retirees, into a system of private investment accounts.
By needing to cover, say, only 20 percent of the population with a safety net, the Social Security tax could be dramatically lowered.
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For example, the core problem with out-of-control entitlements is not that they are costly it is that the impending insolvency of Social Security and Medicare imperils the social safety net for the neediest citizens.
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"When they can't fix the problems with the social security and the employment system, we need to have a safety net to capture the poor, " said Tadashi Yamamoto, professor of social security at Ritsumeikan University in Kyoto.
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It is enough to give us a historic opportunity to strengthen the country's safety net by putting Social Security on a sound financial footing for generations to come.
Workers who choose the personal accounts are backed by a federal guarantee that they will receive at least as much as promised by Social Security under current law, maintaining the social safety net of the current program.
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This is a measure that is designed to duck, dodge, and dismantle -- duck responsibility, dodge obligations, and dismantle, eventually, if enshrined into law -- which it will not be -- but it would essentially require the dismantlement of our social safety net: Social Security, Medicare, and Medicaid.
So, I send them notice of the Supreme Court decision in 1937 which laid it on the line the manner and clause by which Social Security, a basic safety net, was authorized by Article 1, Section 8 as ruled on by the highest court in the land.
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He said the co-ordination of social security legislation was portrayed as a "safety net" for hard-working self-employed people who fall on hard times.
If Washington policymakers could hold the twin goals of solvency and modernization in their heads at the same time, they could take a few relatively modest steps needed to reform Social Security and enhance a key pillar of the social safety net for the most vulnerable elderly.
Perhaps the first step in fixing Social Security is acknowledging what it really should be: a safety net for those with less.
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There is no social security safety net to protect people thrown out of work, which contributes to the passion for investment by Hong Kong residents.
Given the parlous state of urban China's social-security system, peasants would continue to regard land as a vital safety net, to be relinquished only in extreme circumstances.
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