Saving Social Security: A Balanced Approach / Edition 1

Saving Social Security: A Balanced Approach / Edition 1

by Peter A. Diamond, Peter R. Orszag
     
 

View All Available Formats & Editions

ISBN-10: 0815718373

ISBN-13: 9780815718376

Pub. Date: 08/28/2005

Publisher: Brookings Institution Press

While everyone agrees that Social Security is a vital and necessary government program, there have been widely divergent plans for reforming it. Peter A. Diamond and Peter R. Orszag, two of the nation's foremost economists, propose a reform plan that would rescue the program both from its projected financial problems and from those who would destroy the program in

Overview

While everyone agrees that Social Security is a vital and necessary government program, there have been widely divergent plans for reforming it. Peter A. Diamond and Peter R. Orszag, two of the nation's foremost economists, propose a reform plan that would rescue the program both from its projected financial problems and from those who would destroy the program in order to save it.

Since the publication of the first edition of this book in 2004, the Social Security debate has moved to the center of the domestic policy agenda. In this updated edition of Saving Social Security, the authors analyze the Bush Administration's proposal for individual accounts and discuss the so-called "price indexing" proposal to restore long-term solvency through changing how initial benefits would be calculated.

Saving Social Security is essential reading for policymakers involved in reform, analysts, students, and all those interested in the fate of this safeguard of American lives.

Product Details

ISBN-13:
9780815718376
Publisher:
Brookings Institution Press
Publication date:
08/28/2005
Edition description:
Revised Edition
Pages:
304
Product dimensions:
6.00(w) x 9.00(h) x (d)

Table of Contents

Saving Social Security:  An Update
Acknowledgments
1. Introduction
2. A Brief Overview of Social Security
3. Goals for Social Security Reform
4. Social Security's Long-Term Deficit
5. A Three-Part Plan to Shore Up Social Security
6. Strengthening Social Security's Effectiveness as Social Insurance
7. Implications for Benefits and Revenue
8. Individual Accounts
9. Questions and Answers about Our Balanced Reform Plan
10. Conclusions
Appendixes
A. Social Security and National Saving
B. Trends in Retirement Age
C. How the Legacy Debt Arose:  A Simplified Example
D. Characteristics of Tax-Favored Defined-Contribution Plans
E. Should the Trust Fund Invest in the Stock Market?
F. Comparisons with Models 2 and 3 of the President's Commission
G. Memorandum from the Office of the Chief Actuary
H. Long-Term Analysis of the Diamond-Orszag Social Security Plan
Notes
Index

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >