| | No Quick Fix for Social Security System (Site not responding. Last check: 2007-10-11) |
 | | Participants would also be entitled to Social Security benefits, reduced according to their reduction in contributions. |
 | | Since it was established in 1937, Social Security has been a "pay as you go" social contract, with current workers paying taxes to provide benefits for current retirees, with the understanding the system will work the same when they retire. |
 | | The last time the system underwent a big fix, to avert a short-term cash crisis, was in 1983 during the Reagan administration, and an economist named Alan Greenspan headed a bipartisan commission bearing his name. |
| www.thestreet.com /_googlen/funds/annperry/10195908_2.html (656 words) |