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A Bird's Eye View of the Social Security Debate by Alicia H. Munnell (PDF)
Center for Retirement Research [CRR] at Boston College 
Dec. 3, 2004
10 pages. Excerpt: This Issue in Brief is intended to highlight the key points in the debate. First, it documents the magnitude of the Social Security financing problem. .... Second, it clarifies that the privatization debate usually encompasses two separate issues -- how to close Social Security's financing gap and how to structure benefits. Third, it addresses the slightly esoteric, but quite important, issue of how to account for the higher expected returns earned on more risky assets.
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