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Social Security
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Social Security : The Story of Its Past and a Vision for Its Future

Book Details

Format Paperback / Softback
ISBN-10 0844772089
ISBN-13 9780844772080
Publisher AEI Press
Imprint AEI Press
Country of Manufacture GB
Country of Publication GB
Publication Date Nov 16th, 2011
Print length 88 Pages
Weight 77 grams
Dimensions 16.60 x 11.70 x 0.60 cms
Ksh 1,450.00
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In a time of record-setting deficits and concern over burgeoning debt, perhaps no single issue is more hotly debated than how to fix Social Security, a program long called the "third rail" of American politics because it killed the political career of anyone who touched it. But the immediacy of America''s fiscal problems presents an opportunity to reform and renew one of the largest expenditures in the federal budget. Fixing Social Security requires us to understand the purpose of the program, how it was designed to work, and why it is going broke. In Social Security: The Story of Its Past and a Vision for Its Future, Andrew G. Biggs retraces the history of Franklin Roosevelt''s plan to provide for retirees, explains why the current system is unsustainable, and offers a plan to pay back "legacy debt" and create a sound Social Security system for the future.
In a time of record-setting deficits and concern over burgeoning debt, perhaps no single issue is more hotly debated than how to fix Social Security, a program long called the "third rail" of American politics because it killed the political career of anyone who touched it. But the immediacy of America's fiscal problems presents an opportunity to reform and renew one of the largest expenditures in the federal budget. Fixing Social Security requires us to understand the purpose of the program, how it was designed to work, and why it is going broke. In Social Security: The Story of Its Past and a Vision for Its Future, Andrew G. Biggs retraces the history of Franklin Roosevelt's plan to provide for retirees, explains why the current system is unsustainable, and offers a plan to pay back "legacy debt" and create a sound Social Security system for the future.

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