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Social Security Works!: Why Social Security Isnt Going Broke and How Expanding It Will Help Us All Paperback – January 21, 2015
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"A call to arms to defend Social Security from sneak attack. . . . A hard-hitting kickoff to the 2016 election campaign."
A balanced yet passionate defense of our social-security system.”
"Social Security Works! puts expanding Social Security front and center on the national agenda, where it belongs. Everyone who has a stake in the debate should read this important book."
Senator Bernie Sanders (I-VT)
"This book is an important shout-out to the U.S. Congress. Social Security Works! explains how and why expanding Social Security is the solution to our nation’s retirement income crisis."
Richard L. Trumka, President, AFL-CIO
"Social Security Works! shows why expanding Social Security is a top priority for MoveOn.org's millions of members."
Anna Galland, Executive Director, MoveOn.org Civic Action
"Altman and Kingson cut through the fog of calculated confusion and outright lies about Social Security, showing that it is the best funded of all federal programs, has a huge surplus and with minor changes will be sound forever. But they go beyond to show how it would be economically efficient, smart and moral to expand the most popular government program ever."
David Cay Johnston, Pulitzer Prize-winning journalist and best-selling author
"Social Security Works! makes clear that Social Security is an extraordinarily important women’s issue. A must-read for everyone who cares about economic justice for women."
Terry O’Neill, President, National Organization for Women
"It is about time that facts, not propaganda, influence public debate about Social Security. . . . Millennials as well as aging baby boomers have a crucial stake in preserving the one source of universal financial security. Altman and Kingson provide a public service in explaining why."
Fernando Torres-Gil, director, UCLA Center for Policy Research on Aging, and former U.S. Assistant Secretary on Aging
"Social Security Works! is the most important book that any policy maker, voter, or simply concerned citizen can read in preparation for November 2016. . . . Social Security does, indeed, work. There is no reason to cut benefitsfor anyone. Moreover, as these brilliant authors prove beyond any reasonable doubt, Social Security will work even better if it is substantially expanded."
Max J. Skidmore, professor of political science, University of Missouri at Kansas City, and author of Securing America’s Future: A Bold Plan to Preserve and Expand Social Security
"[A] spirited defense of our Social Security system. Although they write with commitment and passion, [Altman and Kingson] take the time to look at the data in a rigorous manner. The result is a useful work of policy analysis with which all participants in the Social Security debate will need to reckon."
Edward D. Berkowitz, professor of history and public policy, George Washington University, and author of Mr. Social Security: The Life of Wilbur J. Cohen
"In Social Security Works!, two of our nation’s leading policy experts explain in a clear and concise fashion how Social Security benefits are calculated, why Social Security is so important to all Americans, and what can be done to ensure that it is there for future generations."
Jill Quadagno, Mildred and Claude Pepper Eminent Scholar in Social Gerontology, Florida State University, and author of One Nation, Uninsured
About the Author
Top Customer Reviews
Altman and Kingson demonstrate clearly that Social Security is not “broken,” nor is it “unsustainable.” They explain why such misconceptions are now common. They identify the ideologues and selfish interests who have made error and untruth the conventional wisdom, and why and how they have done so.
This stimulating new book confronts the propaganda directly, and makes it plain that Social Security is strong. Certainly, Social Security does, indeed, work. There is no reason to cut benefits—for anyone. Moreover, as these brilliant authors prove beyond any reasonable doubt, Social Security will work even better if it is substantially expanded.
The book is as readable as it is knowledgeable—no small feat since this is a topic that can be very difficult to present clearly and interestingly.
The authors explain how Social Security works and why it has been so successful and popular—the federal government’s most popular program. It is social insurance, the secret to its success. It is not welfare, as charged by its enemies, or retirement savings as erroneously believed by many of its supporters. Because it is pooled insurance against loss of wages after retirement as well as disability and for survivors, it can deliver much greater benefits than individuals could provide for themselves through savings, such as with 401(k)s.
At the same time, despite its success and popularity, there has been a concerted campaign to either privatize or cut back Social Security since the late 1970s, which the authors do a fantastic job of exposing. It’s a campaign that has included corporate Democrats as well as Republicans. It’s no secret that Wall Street would like to gain control of the substantial amount of retirement money that flows through Social Security. It is also no secret that right wing foundations have been promoting privatization of Social Security and attempting to undermine public confidence in it for decades.
The main message of the book is not only that Social Security indeed does work and should be defended against its enemies, it is also that Social Security benefits can and should be expanded to address the country’s growing retirement crisis, which was caused in no small measure by the replacement of traditional pension plans by shaky 401(k) investment schemes that have failed to produce adequate retirement income.
Any working person who participates in Social Security, which includes 94% of the workforce, should understand the program and be prepared the defend it in the interests of assuring a decent retirement. This is the book to read to understand and defend one of our most solid work benefits.
The authors provide a ton of information about how Social Security works – and about ongoing attempts to undermine Social Security’s future. They dispel falsehoods and myths. And they identify reasons why some people would like to see this crucial system weakened or banished – and the methods & strategies they employ.
They also provide specific steps we could take to make Social Security even stronger. If you believe that “we’re all in this together”, read Social Security Works!
Compact, incisive and unfortunately a must read, otherwise, we must take action or we will lose a safety net. In 2016 1 percent owns 80% of world income and we live in US with growing disparity.