Saving Social Security: (From Congress)

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McLachlan, a Harvard MBA, is convinced that not enough will be done no matter which side prevails in the upcoming battle over social security. He asserts "the very words themselves, used for years to con us about Social Security, are all lies . . . " He argues that the public cannot make up its mind about Social Security until it is presented with all the facts. McLachlan looks at the role of the Social Security trust fund in balancing the federal budget and at investment accounts, privatization, and the experiences of other countries in ensuring retirement income. After assembling evidence to make his case, the author concludes that the Social Security Administration should be made a "truly independent" agency and that Congress not be allowed to "borrow" from Social Security funds. He also proposes that the "normal retirement age" be increased and that a new system of "personal retirement accounts" be established henceforth, beginning with all persons under 20. McLachlan puts nine well-thought-out recommendations on the table for all (including those in Congress) to consider. David Rouse
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Dr. Jose Pinera, President, International Center for Pension Reform
"I applaud your efforts to educate others on this most important issue for America's future."


Book Description
A layman's guide to complete understanding of the Social Security retirement plan's severe problems, the relationship this has to the deficit, and privatization. The book concludes its analysis with a set of recommendations.


About the Author
Bert McLachlan is a graduate of Michigan State University and the Harvard Graduate School of Administration, and has had a career in corporate controllership and management. He is currently retired from having been the owner of small businesses, and clearly continues to enjoy a fascination with national politics, federal budgeting, Social Security financing and privatization.


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The book serts out to explain what is really going on with social security financing. It is written to address the social security situaiton so the the average citizen can understand it to participate in intelligent discussion about it.


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