Social Security Reform: More disinformation from the left

Would Social Security Reform Lead to a 40 Percent Cut in Benefits?
David C. John and Keith Miller/The Heritage Foundation Original Article

Opponents of Social Security reform say that catastrophic benefit cuts would occur only if individuals were allowed to invest a portion of their payroll taxes in personal retirement accounts, as the President has proposed. This willful misunderstanding of the operation of personal accounts is dishonest and obscures the truth: While inaction will lead to automatic cuts in Social Security benefits, personal accounts could allow Social Security to pay what it has promised.