The New York Times > Opinion > Op-Ed Contributor: No Pain, No Savings

The New York Times > Opinion > Op-Ed Contributor: No Pain, No Savings
More on Social Security. "The Administration's tax cuts already save the richest 1 percent of Americans nearly 100 billion dollars a year, an amount that over time would keep Social Security solvent for 75 years."Gene Sperling here argues for transforming Social Security into a kind of Universal 401(k) savings account for all Americans, including the rich and the very rich.