Countdown to Reform: The Great Social Security Debate FROM THE PUBLISHER
Will the baby boomers' retirement cause Social Security to collapse? Would benefits be larger and safer if Social Security were "privatized" by scrapping the current system in favor of individually owned private accounts? Who would gain and who would lose from the various reform plans now under discussion? In this book, two of the nation's most widely respected economists argue that the Chicken Little view, that future costs doom the current system, is exaggerated. They thoughtfully analyze various proposals for "saving" Social Security and present their own recommendations for reform.
SYNOPSIS
Economists Aaron (the Brookings Institution) and Reischauer (the Urban Institute) explore many nooks and crannies of the Social Security question, including the proposals put forth by Bush and Gore in the 2000 election. The bulk of the text lays out their own recommendations for ensuring funds for Social Security will always exist.
Annotation © Book News, Inc., Portland, OR
FROM THE CRITICS
Jonathan Chait
...[A] logical, fair, and persuasive primer....The question of reforming Social Security has become a question of privatizing Social Security....Aaron and Reischauer's main contribution is ...to consider the merits of social insurance and the problem of closing Social Security's deficit as separate questions....[And] they lay out a more than adequate proposal to save it from insolvency. —The Washington Monthly
Jonathan Chait - The Washington Monthly
...[A] logical, fair, and persuasive primer....The question of reforming Social Security has become a question of privatizing Social Security....Aaron and Reischauer's main contribution is ...to consider the merits of social insurance and the problem of closing Social Security's deficit as separate questions....[And] they lay out a more than adequate proposal to save it from insolvency.
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