Social Security: The Phony Crisis (Emersion: Emergent Village resources for communities of faith) - Hardcover

Baker, Dean; Weisbrot, Mark

Hardcover

ISBN 10: 0226035441 ISBN 13: 9780226035444

Verlag: University of Chicago Press, 2000

Inhaltsangabe

Book by Weisbrot Mark Baker Dean

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Reseña del editor

Is it true that the Social Security system is in serious trouble and must be repaired? As baby boomers begin to retire, will they inevitably, by force of their sheer numbers, bankrupt the system? Is Social Security a big Ponzi scheme that will leave future generations with little to show for their lifetime of contributions? Is the only way to solve the Social Security crisis through radical changes like privatization or bolstering it with massive new taxes? According to the authors of this study, the answer to these questions is a resounding no. Economists Dean Baker and Mark Weisbrot argue that there is no economic, demographic or actuarial basis for the widespread belief that the programme needs to be fixed. As the authors emphasize, there is virtually no disagreement about the facts of Social Security's finances, or even the projections for its future. Rather, the Social Security debate has been foundering on misconceptions, confusion and lack of agreement on the meaning of crucial terms. The authors also take on related issues: that privatization would help save Social Security, that America has a pressing need to increase its national savings, and that future generations will suffer from the costs - especially for health care - of supporting a growing elderly population.

Biografía del autor

Dean Baker, Codirector of the Center for Economic and Policy Research in Washington, D.C., is author of "False Profits: Recovering from the Bubble Economy" and "The Conservative Nanny State." He also writes a popular blog on economic reporting, Beat the Press, and a weekly column for The Guardian (UK).

Über diese Auflage

• Verlag: University of Chicago Press
• Erscheinungsdatum: 2000
• ISBN 10: 0226035441
• ISBN 13: 9780226035444
• Einband: Tapa dura
• Anzahl der Seiten: 199