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Books > Social sciences > Politics & government > Central government > Central government policies
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Social Security (Paperback, New edition)
Loot Price: R793
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Social Security (Paperback, New edition)
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Is it true that the Social Security system is in serious trouble
and must be repaired? As baby boomers begin to retire, will they
inevitably, by force of their sheer numbers, bankrupt the system?
Is Social Security a big Ponzi scheme that will leave future
generations with little to show for their lifetime of
contributions? Is the only way to solve the Social Security crisis
through radical changes like privatization or bolstering it with
massive new taxes? According to the authors of this study, the
answer to these questions is a resounding no. Economists Dean Baker
and Mark Weisbrot argue that there is no economic, demographic or
actuarial basis for the widespread belief that the programme needs
to be fixed. As the authors emphasize, there is virtually no
disagreement about the facts of Social Security's finances, or even
the projections for its future. Rather, the Social Security debate
has been foundering on misconceptions, confusion and lack of
agreement on the meaning of crucial terms. The authors also take on
related issues: that privatization would help save Social Security,
that America has a pressing need to increase its national savings,
and that future generations will suffer from the costs - especially
for health care - of supporting a growing elderly population.
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