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Social Security and the Middle-Class Squeeze - Fact and Fiction about America's Entitlement Programs (Hardcover)
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Social Security and the Middle-Class Squeeze - Fact and Fiction about America's Entitlement Programs (Hardcover)
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At the outset of his second term, President Bush's proposal to
partially privatize Social Security has touched off a debate of
enormous proportion. Disentangling the rhetoric and hyperbole from
fact is essential for anyone trying to evaluate the potential
merits or pitfalls of the plan. Leonard and Mark Santow-a
father-and-son team who integrate two different political
viewpoints (fiscally conservative and socially liberal,
respectively)-offer specific recommendations for improving Social
Security, Medicare, and Medicaid in socially responsible ways that
relieve some of the stress on the middle class and promote upward
mobility. Explaining sophisticated economic concepts in layman's
terms, the Santows expose myths about how entitlement programs
actually work, arguing, for example, that while the financial state
of Social Security gets most of the press, Medicare and Medicaid
are in much more serious trouble. They integrate conservative and
liberal viewponts to propose a package of reforms that includes
both tax cuts and increases and an overhaul of the government's
economic forecasting system. Synthesizing mountains of data and
explaining sophisticated economic concepts in layman's terms, the
Santows expose myths about how entitlement programs actually work,
arguing, for example, that while the financial state of Social
Security gets most of the press, Medicare and Medicaid are in much
more serious trouble. Moreover, they are highly critical of
privatization plans, demonstrating that similar programs have
failed in other countries and that such plans are programs are
neither fiscally nor socially sound. If the American people value
the common commitments that these programs embody, we will need to
see them as a package, and fund them accordingly. In response to
this challenge, the Santows integrate conservative and liberal
viewpoints to propose a package of reforms that includes both tax
cuts and increases and an overhaul of the government's economic
forecasting system. Featuring a timeline of key events since
Franklin Roosevelt signed the Social Security Act in 1935 and an
appendix of data tables, the authors offer a primer for concerned
citizens, policymakers, educators, students, and finance
professionals-anyone with a stake in designing a system that pays
for these essential programs in an equitable manner and contributes
to our collective prosperity. Featuring a timeline of key events
since Franklin Roosevelt signed the Social Security Act in 1935 and
an appendix of data tables, the authors offer a primer for
concerned citizens, policymakers, educators, students, and finance
professionals-anyone with a stake in designing a system that pays
for these essential programs in an equitable manner and contributes
to our collective prosperity.
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