This paper is the text of an address delivered by Sherri Torjman at the conference Welfare Re-form: The Future of Social Policy in Canada held on October 24 and 25, 2013, in Regina. The conference was sponsored by the Johnson-Shoyama Graduate School of Public Policy at the University of Saskatchewan and the University of Regina. At the Caledon Institute, we used to believe that the future of social policy involved significant improvements to welfare in order to bolster and ease access to this important program. We now believe that the future of social policy involves welfare re-form, which entails the eventual dismantling of this program and its reconstruction into a renewed architecture of income security. In six words: from welfare reform to welfare reformulation.