Saving Social Security: A Balanced Approach / Edition 1by Peter A. Diamond, Peter R. Orszag
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 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.
- Brookings Institution Press
- Publication date:
- Edition description:
- Revised Edition
- Product dimensions:
- 6.00(w) x 9.00(h) x (d)
Table of ContentsSaving Social Security: An Update
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
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
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