The fiscal surplus piling up in the U.S. Treasury, courtesy of the robust economy and great bull market, will not go unspent for long. No better use could be found for this windfall than to address one of America's most pressing domestic issues: the long-term insolvency of Social Security.

What makes this matter so urgent is that many U.S. families have little or no savings. A survey done jointly by PaineWebber and the Gallup Organization indicates that one-third of Americans have no savings at all and another one-third have saved very little.

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