The Other Social Security Crisis
S~CUY~~Y Peter G. Peterson, in The Neiv York Rei~ieiv
ofBooks (Dec. 2 and 161, Subscriber Ser- vice Dept., P.O. Box 940, Farrningdale,
Washington today is struggling to resolve a Social Security financial crisis that could plunge the system into bankruptcy 1984. Yet Peter- son, chairman of Lehman Brothers Kuhn Loeb, argues that a far more ominous long-term crisis has gone unrecognized.
Many specialists assume that payroll tax increases scheduled to take effect between now...