By Jed Graham
This interesting booklet introduces the 1st Social protection reform thought adapted to fulfill the nation's financial demanding situations and deal with an getting older population.
• greater than 50 charts and tables element the talk over Social safeguard reform, together with the money advantages retirees may get below numerous proposals
Read Online or Download A Well-Tailored Safety Net: The Only Fair and Sensible Way to Save Social Security PDF
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In each one of his unbelievable no 1 ny instances bestsellers, Mark R. Levin’s overlying patriotic project has been to sidestep a devastating tragedy: The lack of the best republic recognized to mankind. yet who stands to lose the most?
In glossy the United States, the civil society is being progressively gobbled via a ubiquitous federal govt. yet because the govt grows into an more and more authoritarian and centralized federal Leviathan, many fogeys proceed to tolerate, if no longer enthusiastically champion, grievous public rules that threaten their little ones and successive generations with a grim destiny by the hands of a openly increasing and imploding entitlement country poised to burden them with tremendous debt, mediocre schooling, waves of immigration, and a deteriorating nationwide defense.
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Additional info for A Well-Tailored Safety Net: The Only Fair and Sensible Way to Save Social Security
The question is whether it will be possible to sell a tax increase to save Social Security if Social Security isn’t really being saved, but instead will require additional trillions in taxpayer revenue—even as the government’s finances are stretched to the breaking point. 16 Chapter 3 The Price of Delay In April 2005, President George W. Bush visited the Bureau of the Public Debt in Parkersburg, West Virginia, to look inside the four-drawer filing cabinet that houses the Social Security Trust Fund and drive home the point it doesn’t have any real resources to pay for the promises that politicians have made.
It takes members of Congress who can twist themselves into pretzels by taking all sides of an issue to really appreciate the brilliance of trust-fund accounting. Sen. ’’1 She went on CNN and fretted about budget ‘‘deficits as far as the eye can see,’’ charging that President George W. Bush and the Republicans ‘‘have stolen from the Social Security Trust Fund . . ’’2 But by early 2005, Boxer was singing a different tune as she sought to undermine Bush’s case for revamping Social Security. ’’ According to the most conservative estimates, Social Security will be able to pay full benefits for 38 years.
85% $261 billion Source: Author’s calculations based on Social Security Administration’s cost, revenue, economic and interest rate projections in The 2009 OASDI Trustees Report. employer, the net result would be about the same, since the employer could be expected to compensate for the heavier tax burden by paying less generous wages. The question that must be answered is who will bear the sacrifice. Almost nobody would suggest that it is fair to cut benefits for people who have already retired.