Social Security Isn't Doomed.

Argues that Social Security is not doomed, as some conservatives are suggesting, and that no radical overhaul of the program is necessary. Details of the 2004 Social Security trustees' report, which showed that full benefits are covered for nearly 40 years; Explanation of why it is difficult to make long-term projections about Social Security funds; Claim that suggestions that Social Security funds are about to dry up are intended to convince people that private accounts are necessary; Argument that Social Security's projected shortfall over 75 years could be easily eliminated if recent tax cuts were reduced by a third; Suggestions for shoring up Social Security, including slowing the growth of future benefits and raising the payroll tax on upper earners; Claim that private accounts would likely lead to lower benefit levels; Example of a proposal for private accounts put forward by Reps. Jim Kolbe and Charles Stenholm.