Word: kotlikoff
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Dates: during 1990-1999
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Unless Social Security is changed, Kotlikoff said, the system will be overburdened once the Baby Boomer generation begins to retire in the next decade...
...system is broken and it needs to be fixed--and fixed for good," Kotlikoff said in an interview after the lecture...
...Kotlikoff told the audience of more than 30 that he believes the system should be privatized. In the lecture, he outlined a plan for a Personal Security System (PSS) that would replace the current system...
...Kotlikoff said this pay-as-you go system must be reformed in order to avoid a budget crisis in the future...
Other nations may face similar problems with their Social Security systems, Kotlikoff said, creating what he calls "[the] internationalization of fiscal child abuse...