LEADER 04103nam 2200589Ia 450 001 9910824052003321 005 20200520144314.0 010 $a0-8157-9623-4 035 $a(CKB)1000000000446797 035 $a(OCoLC)614646967 035 $a(CaPaEBR)ebrary10063890 035 $a(SSID)ssj0000241447 035 $a(PQKBManifestationID)12076639 035 $a(PQKBTitleCode)TC0000241447 035 $a(PQKBWorkID)10297832 035 $a(PQKB)10956655 035 $a(MiAaPQ)EBC3004416 035 $a(Au-PeEL)EBL3004416 035 $a(CaPaEBR)ebr10063890 035 $a(OCoLC)56033174 035 $a(EXLCZ)991000000000446797 100 $a20041018d2004 my 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aSaving Social Security $ea balanced approach /$fPeter A. Diamond, Peter R. Orszag 205 $a1st ed. 210 $aWashington, D.C. $cBrookings Institution Press$dc2004 215 $a1 online resource (320 p.) 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a0-8157-1838-1 320 $aIncludes bibliographical references and index. 327 $aA brief overview of Social Security -- Goals for Social Security reform -- Social Security's long-term deficit -- A balanced three-part plan to shore up Social Security -- Strengthening Social Security's effectiveness as social insurance -- Implications of our reform plan for benefits and revenue -- Individual accounts -- Questions and answers about our balanced reform plan -- Conclusions -- Appendixes: A. Social Security and national saving -- B. Trends in retirement age -- C. How the legacy debt arose: A simplified example -- D. Characteristics of tax-favored defined-contribution plans -- E. Should the trust fund invest in the stock market? -- F. Comparisons with models 2 and 3 of the President's Commission -- G. Memorandum from the Office of the Chief Actuary. 330 $aWhile everyone agrees that Social Security is a vital and necessary government program, there have been widely divergent plans for reforming it. Peter A. Diamond and Peter R. Orszag, two of the nation's foremost economists, propose a reform plan that would rescue the program both from its projected financial problems and from those who would destroy the program in order to save it. vi ng Social Security's's strategy balances benefit and revenue adjustments, following the precedent set by the last major Social Security reform in the early 1980s. The authors' proposal restores long-term balance and sustainable solvency to the program without imposing additional burdens on the rest of the budget. Further, it protects disability and young survivor benefits and strengthens Social Security's protections for low earners and widows. Most important, the plan preserves the program's core social insurance role by providing a base-level of assured income to American workers and their families in time of need. To better understand the accomplishments and financial problems of Social Security, Diamond and Orszag provide background on the program, as well as on the causes of the long-term deficit. They suggest ways in which various alternative reform plans should be evaluated and explain the shortcomings of proposals to replace part of Social Security with individual accounts. Saving Social Security is essential reading for policymakers involved in reform, analysts, students, and all those interested in the fate of this safeguard of American lives. 606 $aSocial security$zUnited States 606 $aRetirement income$xGovernment policy$zUnited States 606 $aOld age pensions$zUnited States 615 0$aSocial security 615 0$aRetirement income$xGovernment policy 615 0$aOld age pensions 676 $a368.4/3/00973 700 $aDiamond$b Peter A$0140552 701 $aOrszag$b Peter R$0291285 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910824052003321 996 $aSaving social security$9741733 997 $aUNINA