To get the free app, enter your mobile phone number.
Saving Social Security: A Balanced Approach Paperback – July 29, 2005
Frequently Bought Together
Customers Who Viewed This Item Also Viewed
"An honest, transparent, and comprehensive approach to making the much needed reforms to the Social Security program." Journal of Pensions, Economics, and Finance
"What [the book] demonstrates is this: With a balanced approach that includes both benefits cuts and new revenue, Social Security can be restored to good health and without the radical surgery others have recommended." Boston Globe
"A concise and well-written book." Political Studies Review
"The debate about reforming Social Security has become increasingly ideological. Scare tactics and unrealistic promises have become the norm. Diamond and Orszag bring some welcome realism and decency to the debate. They show exactly where the current system is strained, and they suggest concrete ways to strengthen and improve it with the least possible disruption to the lives of future workers and beneficiaries, especially the most vulnerable among them. There is no magic here, just the kind of honesty and common sense you would want from a really good mechanic." Robert M. Solow, Institute Professor Emeritus, MIT, and Nobel Laureate in Economics
"When members of Congress get serious about fixing Social Security, they should begin by reading this book, instead of appointing another commission." Michael J. Graetz, Justus S. Hotchkiss Professor of Law, Yale University Law School
About the Author
Peter A. Diamond is an Institute Professor at the Massachusetts Institute of Technology. His recent books include Social Security Reform, The 1999 Lindahl Lectures (Oxford University Press, 2002) and Taxation, Incomplete Markets, and Social Security: The 2000 Munich Lectures(MIT Press, 2002). He is a former president of both the American Economic Association and the National Academy of Social Insurance. Peter R. Orszag is director of the U.S. Office of Management and Budget under President Obama. His previous positions include director of the Congressional Budget Office and Joseph A. Pechman Senior Fellow in Economic Studies at the Brookings Institution. He is also a research professor at Georgetown University and a codirector of the Tax Policy Center. He served as special assistant to the president for economic policy during the Clinton administration.
Top Customer Reviews
The authors state in chapter 3 their five goals for Social Security reform: "restor[e] Social Security to a sound financial footing, reduc[e] the future burden from Social Security on the rest of the Federal Budget, shar[e] the ongoing costs of the program's past generosity in a fair manner, preserv[e] and strenghten the program's social insurnace function,s and ensur[e] that, on balance, the changes enhance the overall performance of the economy." Given that the current 75-year projection by the Office of the Chief Actuary now shows a 1.9% of payroll imbalance, the authors contend that this imbalance should be corrected by not just revenue increases (higher payroll taxes, new estate taxes, or a non-renewal of the 2001 and 2003 tax cuts) or benefit reductions, but both. In fact, this is the type of balance they propose - that all parties should share in the costs of the system equally.Read more ›
Most Recent Customer Reviews
This book was a great reference book for my term paper. It was sent to me very quickly and it was new.Published on August 6, 2013 by Jube
I liked the book. It is a little slanted to someone with an economics background, but thta is OK with me as I majored in economics in college.Published on June 30, 2013 by Jeffrey B. Cunningham