By Arthur Benavie

With the entire competing details within the information nowadays concerning the top solution to reform Social safety, how is a involved citizen to understand that is definitely the right direction? This ebook is the reply. Arthur Benavie offers readers the instruments neces-sary to make judgements in this topic that they and their young children won't remorse. The U.S. public has been provided fake details in this factor, informed that Social safety goes bankrupt until it truly is reformed instantly. Benavie refutes those arguments and separates financial proof from own price judgments. Social safeguard below the Gun is an inval-uable consultant to figuring out and making educated judgements approximately certainly one of our most crucial social welfare structures.

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Extra info for Social Security Under the Gun: What Every Informed Citizen Needs to Know About Pension Reform

Example text

Trimming the COLA would do the job, at the expense of Social Security beneficiaries. 30 Many reform plans, such as the Moynihan and the Kerrey-Simpson proposals, have incorporated the commission’s recommendation. Economists, however, are in general agreement that the computation of the consumer price index should remain a technical one, left to the Bureau of Labor Statistics, and that it should not become a political football. ”31 In 1996 the Bureau of Labor Statistics announced that it had improved the consumer price index, making it a more accurate measure of inflation.

8 Bringing in all newly hired state and local workers would help solve the long-term deficit because these wage earners would pay payroll taxes for many years before receiving benefits. 10 It is widely agreed that all wage earners should be a part of the nation’s social insurance program. Though the tax burden on presently excluded state and local government workers would rise, they would benefit as well, since they would have greater freedom to change jobs without losing benefits, better protection against inflation, better survivor and disability coverage, and more reliable protection for spouses who are not automatically protected under state plans.

No one expected privatization to be a central issue in the 2000 presidential election between George Bush and Al Gore. No one expected it to be an issue at all. ” Politicians and economists agreed that no major changes were in the offing. 1 Bush made sure privatization would be a major part of the election debate by highlighting it in his acceptance speech at the Republican National Convention. After the election he continued to praise privatization. In a speech on February 28, 2002, President Bush once again spelled out his plan to overhaul Social Security: SOCIAL SECURITY UNDER THE GUN Because there will be an expanding number of retirees for Social Security to support in the future, we must apply the power of savings, investing and compound interest to the challenges of Social Security by introducing personal retirement accounts into the system.

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