Is Social Security Broke?: A Cartoon Guide to the Issues

Is Social Security Broke?: A Cartoon Guide to the Issues

by Barbara R. Bergmann, James Cleaver Bush
     
 

ISBN-10: 0472097431

ISBN-13: 9780472097432

Pub. Date: 11/16/2000

Publisher: University of Michigan Press

A funny, smart, and engaging book on Social Security? You bet! Let Bill and Betty Boomer, their parents Ed and Ethel Elderly, and the young married Steve and Sue Sprout take you through the thickets of this thorny issue. You will come to understand why people are so worried about Social Security, how it operates, how we can keep it going, the problems we would face…  See more details below

Overview

A funny, smart, and engaging book on Social Security? You bet! Let Bill and Betty Boomer, their parents Ed and Ethel Elderly, and the young married Steve and Sue Sprout take you through the thickets of this thorny issue. You will come to understand why people are so worried about Social Security, how it operates, how we can keep it going, the problems we would face under a privatized system, and why Americans have always chosen to shore up this important program. You will learn about the system and the current debates surrounding it—and find yourself enjoying it at the same time.

Seven Good Reasons Not to Privatize Social Security:

  1. Stocks can fall disastrously
  2. Private pensions lack protection from inflation
  3. Not everybody would avoid investment pitfalls
  4. Government investment might bring interference
  5. A private system can drain off money for big fees
  6. Young workers would have a double burden
  7. Huge Social Security funds moving in and out of the market could destabilize it

About the Author:
Barbara R. Bergmann is Professor Emerita, University of Maryland and The American University. Jim Bush is the editorial cartoonist for the Providence Journal.

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Product Details

ISBN-13:
9780472097432
Publisher:
University of Michigan Press
Publication date:
11/16/2000
Pages:
112
Product dimensions:
8.21(w) x 8.34(h) x 0.51(d)

Table of Contents

Lots of people are worried about Social Security1
How Social Security operates and why it will never go bankrupt8
The problem of the Boomers' retirement costs20
How we can keep Social Security going26
Who is spreading the bankruptcy scare talk and why44
What a privatized system would look like56
Replacing Social Security with private accounts would create some big problems60
Using the surplus to "save Social Security"74
When should we act to balance out the Social Security taxes and benefits?76
Common objections to Social Security and answers to them88
Americans have always chosen to shore up Social Security94
For further reading99

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