Of all the issues swirling around the 2008 election, the staggering projected costs for the upkeep of America's largest entitlement programs—Social Security, Medicare, and Medicaid—loom with gathering intensity. Government revenues alone cannot solve the problem, but a solution must be found. In this book George P. Shultz and John B. Shoven take a practical—and optimistic—look at the issues at hand, offering an agenda for reform that will make these essential programs solvent. Drawing on a trove of original research, they take stock of the current situation, consider plans on offer from major thinkers in the field, and chart a course toward a system that provides income for the elderly and universal access to health care in ways that are fiscally sound. This book is a must-read for anyone looking to make an informed decision about the country's future.
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John B. Shoven is the Charles R. Schwab Professor of Economics and Wallace R. Hawley Director of the Stanford Institute for Economic Policy Research at Stanford University.
George P. Shultz (1920--2021) served as U.S. Secretary of Labor, U.S. Secretary of Treasury, director of the Office of Management and Budget, and U.S. Secretary of State.
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