Letter: Social Security needs ‘lock box’

Wednesday, Dec. 26, 2001 | 8:47 a.m.

Social Security was established with the idea of protecting American workers in their later years, ensuring they would have enough income to sustain them. Now comes a group of politicians, eager to carve up a program, which without political interference, has sustained its self-sufficiency for the past 66 years. The American worker has never been at a more vulnerable period than today. We find the economy and job stability at all-time lows. Corporations are claiming bankruptcy and leaving their employees without any security.

The president and Republican leaders feel the way to combat the downturn in our economy is to raid the Social Security Trust Fund. They would have everyone believe it is becoming financially insolvent, and the only way to remedy it is to begin privatization of Social Security.

We need only to have the Congress establish a "lock box" plan, and allow for employees to continue under the long-established, well-financed Social Security program.

THOMAS S. WOOLSEY

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