European Stars and Stripes (Newspaper) - January 5, 1992, Darmstadt, Hesse Sunday january 5, 1992 the stars and stripes a Page 5 social Security s future Bleak Book warns by the Washington Post Washington a we ought to Call it social insecurity not social Security a Dorcas r. Hardy the former social Security commissioner writes in her new Book. A the social Security system is a ticking time bomb. In the next Century the United states will face a potentially devastating crisis the retirement checks that should be sent to Benefit millions of americans will not be americans Are not accustomed to hearing such statements from social Security commissioners past or present and Hardy acknowledges in social insecurity that is not what she said or implied in some of her Public statements As commissioner for three years in the Reagan administration. Recently a Federal panel on social Security and health issues reported that a americans can be confident about the future of social Security. The social Security tru to funds Are actuarially sound 50 years into the despite the inflammatory opening to her Book Hardy is not predicting that the system will end up As a tremendous junk Heap. Instead she is warning that Over the Long run the social Security old age and disability Benefit system is underfunded and will require substantial infusions of new taxes or cuts in benefits to stay afloat. And she says the average person simply wont be Able to get by on social Security but must save and invest to build an added nest egg to stay self sufficient As a senior citizen. Part of the problem is that when the baby Boom generation starts retiring in 2010, there will be a much larger related Story Page 14 proportion of the adult population on the Rolls the Boomers will gradually eat up existing surpluses in the Trust fund and put the system into a deficit by 2041, according to social Security a latest annual financial report. And that does no to take into account the medicare hos Pital insurance program which is part of the social Security system funded now by the payroll tax. Primarily because of skyrocketing general health costs it is estimated that medicare will fall into deficit shortly after the turn of the Century. The situation Hardy says May actually be worse than it looks from these figures. Why because the above calculations include the use of Large surpluses now being collected in the old age and disability Trust funds in Advance of the Boomers retirement. The surpluses Are invested in special government Bonds. Quot when the Treasury is in deficit Quot As it is now a this leads to a Shell game Quot she contends. A the Treasury siphons the Money off to pay for current government operations and in Exchange it gives social Security an iou. When the Lou comes due there will be no Money in the Treasury to pay it off so one Way or another at that Point Congress will have to raise Revenue Quot from general taxes or a ale of general Bonds to pay off the iou. Such a demand could be a painful Burden for Young working taxpayers and could push them into an inter generational revolt against paying huge taxes to maintain the elderly. Hardy a solution is not to junk the system but to Start by balancing the general Federal budget. Then the government would not need to Drain off current social Security surpluses to run its general operations but in effect could invest the surpluses to ways that would preserve them for later use As needed. In the stars and stripes10 years ago Jan. 5,1982 a Poland a martial Law regime reported Success in its Back to work Campaign after a three week shutdown of key factories and shipyards but admitted that All workers were not Back on the Job yet.20 years ago Jan. 5,1972 a sen. Edmund s. Muskie a Maine declared his candidacy for the democratic presidential nomination. In his address he accused president Nixon of lacking truthfulness and leadership and of failure to make Good on promises to end the Vietnam War halt inflation and restore Domestic peace.30 years ago Jan. 5,1962 a Jacqueline Kennedy was elected the world s Best dressed woman for the second consecutive year in a new York couture group s annual poll. The committee of More than 2,000 fashion experts designers and editors from throughout the world said that president Kennedy a wife had inaugurated the a Kennedy Era of Young elegance."40 years ago Jan. 5,1952 the Western Powers formally opposed a soviet move to switch the korean armistice talks to the . Security Council for fear the move might seriously delay or even wreck the negotiations held at the current site in Panmunjom. World War ii 50 years ago today 5 Jan.1 .9 4 -2 Stalin orders soviet offensives along the entire front rejecting advice from his generals that such attacks will disperse the red army a strength and prevent any breakthroughs. In the Philippines american forces Are pushed out of their first defensive line across the base of the Bataan Peninsula. The British move their far East Fleet s Headquarters from Singapore to dutch Java source 2194 Days of War w h Smith a publishers inc world almanac took of world War ii Bison books Cep Odi threat of suit spurs Massachusetts to put Duke on primary ballot Boston apr Massachusetts Secretary of state Michael Connolly reversed course on Friday and said the name of former Kun Siux klan Leader David Duke would appear on the Republican presidential primary ballot Here. Bowing to a threatened lawsuit by the american civil liberties Union Connolly also said Dukes name would appear on the primary ballot of the Independent voters party in the March 10 primary. The democratic Secretary of state had said that Duke failed to meet the requirements for gaining ballot position. He said Friday that he disliked reversing course but that fighting a lawsuit against the Acle would have proven too costly and time consuming. In Washington Republican presidential challenger Patrick Buchanan on Friday filed for Federal Matching funds and vowed to keep Pace with president Bush a Dollar for dollars in new Hampshire Sladoff primary on feb. 18. Buchanan told the Federal election commission he had met the requirement to raise $5,000 in each of 20 states in contributions of $250 or less. Duke a Louisiana state representative said in a Telephone interview from his new Orleans Headquarters that the Massachusetts decision meant that a the people of Massachusetts Are going to be Able to vote for whomever they he said the decision could help him in other states where officials Are reluctant to put his name on the ballot. He said Georgia and Florida were examples and predicted that he would ultimately succeed in Rhode Island where Secretary of state Kathleen Connell refused to submit his name. After Connolly initially ruled Duke off the ballot his supporters mounted a petition drive designed effectively to overturn that decision. But they fell Well Short of the required 2,500 signatures. The Massachusetts voting on March 10 is one of nine a super tuesday primaries. Patrick Buchanan left meets with Raymond Lisi of the Federal election commission. John Roberts executive director of the aclus Massachusetts chapter said Connolly was blaming the civil liberties organization for his own error. A i think he a backed Down and i think he a looking for a Scapegoat and i think the Acle is the Scapegoat a Roberts said. Republican state chairman Leon Lombardi blasted Duke As a purveyor of a hatred and a i am shocked that the Secretary on a matter of this importance would reverse himself on the threat of litigation a Lombardi declared. The Independent voters party became eligible to have a primary of its own after its candidate for governor won 3 percent of the vote in 1990. Meanwhile Buchanan said in a television interview that a Good showing in new Hampshire could bring a a surge of support across this country for but he told in no a Evans and Novak a a there a no doubt that if the president wipes up the floor with me in new Hampshire in a not going to win the nomination unless there a a in the program taped Friday Buchanan also named former sen. Bill Armstrong a conservative Colorado Republican As one of those he was considering asking to be his running mate. Buchanan claimed he had qualified for Matching funds quicker than any other candidate in history in the space of two weeks. Organist confesses to Church burglaries Hempstead . A a former Church organist has confessed to More than 500 Church and synagogue burglaries that May have netted him up to $2.5 million in Gold and Silver religious objects authorities said. Oather James Blocker 45, of new York City was charged Friday in two Church burglaries in Woodbury on Long Island. A nothing was Ever ransacked nothing even disturbed a said detective Lenny Miller a the carried this out As if he were showing great Blocker confessed to looting More than 500 houses of worship in new York new Jersey Massachusetts and Connecticut Over the past 10 years police said. Police said he confessed in november while serving a 90-Day sentence at the Passaic county jail for burglar izing a Church in the Northern new Jersey Community of Wayne a suburb of new York. Blocker has been charged in Only three cases. Blocker May have stolen up to $2.5 million Worth of Gold and Silver which he sold to others who melted it Down and resold it police said. Miller said police Hadnot yet determined whether blockers confession was True. But he said Blocker was the Likely suspect in about 40 Church burglaries in Nassau county on Long Island. Blocker is being held without bail in the Nassau county correctional facility
