Countdown to Reform: The Great Social Security Debate

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9780870784231: Countdown to Reform: The Great Social Security Debate
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With baby-boomer retirement drawing nearer, Social Security, long a "third rail" in American politics, has become fair game. When President Clinton launched national discussion in April on the future of the program, the loudest voices seemed to belong to those who claimed the system would go "bankrupt" and argued for scrapping it in favor of a privatized plan. Is the nation's premier social insurance program on the brink of collapse? In this book, two of the nation's most widely respected economists argue that the "Chicken Little" view of Social Security--that future costs doom the current system--is so exaggerated that it is just plain wrong. Certainly, the retirement of the baby boom generation will require some adjustments, but they need be no greater in type or size than adjustments the government has adopted to deal with the overall budget deficit. The book provides the historical background of the economic circumstances that different generations have faced in this century and shows how changes in Social Security has affected life in America. The authors also analyze the economic assumptions underlying current reform efforts, closely scrutinizing the increasingly popular proposals to privatize Social Security by transforming it from an insurance program to a system of individual retirement accounts.

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About the Author:

Henry J. Aaron is a senior fellow in Economic Studies at the Brookings Institution, where he holds the Bruce and Virginia MacLaury Chair. Among his many books are Can We Say No? The Challenge of Rationing Health Care, with William B. Schwartz and Melissa Cox (Brookings, 2006), and Reforming Medicare: Options,Tradeoffs, and Opportunities, written with Jeanne Lambrew (Brookings, 2008). Robert D. Reischauer was a former director of the Congressional Budget Office.

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9780870784309: Countdown to Reform: The Great Social Security Debate

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ISBN 10:  0870784307 ISBN 13:  9780870784309
Publisher: The Century Foundation, 1998
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9780870784620: Countdown to Reform: The Greater Social Security Debate

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9780870784293: Countdown to Reform: The Great Social Security Debate

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Henry J. Aaron, Robert D. Reischauer
Published by BROOKINGS INSTITUTION, United States (1998)
ISBN 10: 0870784234 ISBN 13: 9780870784231
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Book Description BROOKINGS INSTITUTION, United States, 1998. Hardback. Condition: New. Language: N/A. Brand New Book. With baby-boomer retirement drawing nearer, Social Security, long a third rail in American politics, has become fair game. When President Clinton launched national discussion in April on the future of the programme, the loudest voices seemed to belong to those who claimed the system would go bankrupt and argued for scrapping it in favour of a privatized plan. Is the nation s premier social insurance programme on the brink of collapse? In this book, two of the nation s most widely respected economists argue that the Chicken Little view of Social Security - that future costs doom the current system - is so exaggerated that it is just plain wrong. Certainly, the retirement of the baby boom generation will require some adjustments, but they need be no greater in type or size than adjustments the government has adopted to deal with the overall budget deficit. The book provides the historical background of the economic circumstances that different generations have faced in this century and shows how changes in Social Security has affected life in America. The authors also analyze the economic assumptions underlying current reform efforts, closely scrutinizing the increasingly popular proposals to privatize Social Security by transforming it from an insurance programme to a system of individual retirement accounts. Henry J. Aaron and Robert D. Reischauer are senior fellows at the Brookings Institution. Aaron is also vice president of the National Academy of Social Insurance. Reischauer was director of the Congressional Budget Office from 1989 to 1995. They are coeditors of Setting National Priorities: 1999 , (Brookings, forthcoming). Seller Inventory # AAW9780870784231

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Henry J. Aaron, Robert D. Reischauer
Published by BROOKINGS INSTITUTION, United States (1998)
ISBN 10: 0870784234 ISBN 13: 9780870784231
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Book Description BROOKINGS INSTITUTION, United States, 1998. Hardback. Condition: New. Language: N/A. Brand New Book. With baby-boomer retirement drawing nearer, Social Security, long a third rail in American politics, has become fair game. When President Clinton launched national discussion in April on the future of the programme, the loudest voices seemed to belong to those who claimed the system would go bankrupt and argued for scrapping it in favour of a privatized plan. Is the nation s premier social insurance programme on the brink of collapse? In this book, two of the nation s most widely respected economists argue that the Chicken Little view of Social Security - that future costs doom the current system - is so exaggerated that it is just plain wrong. Certainly, the retirement of the baby boom generation will require some adjustments, but they need be no greater in type or size than adjustments the government has adopted to deal with the overall budget deficit. The book provides the historical background of the economic circumstances that different generations have faced in this century and shows how changes in Social Security has affected life in America. The authors also analyze the economic assumptions underlying current reform efforts, closely scrutinizing the increasingly popular proposals to privatize Social Security by transforming it from an insurance programme to a system of individual retirement accounts. Henry J. Aaron and Robert D. Reischauer are senior fellows at the Brookings Institution. Aaron is also vice president of the National Academy of Social Insurance. Reischauer was director of the Congressional Budget Office from 1989 to 1995. They are coeditors of Setting National Priorities: 1999 , (Brookings, forthcoming). Seller Inventory # AAW9780870784231

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Henry J. Aaron; Robert D. Reischauer
Published by The Century Foundation (1998)
ISBN 10: 0870784234 ISBN 13: 9780870784231
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Book Description The Century Foundation, 1998. Condition: New. book. Seller Inventory # M0870784234

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