By Jed Graham
This interesting publication introduces the 1st Social defense reform inspiration adapted to satisfy the nation's economic demanding situations and deal with an getting older population.
• greater than 50 charts and tables element the talk over Social protection reform, together with the money advantages retirees may get lower than quite a few 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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Extra resources for A Well-Tailored Safety Net: The Only Fair and Sensible Way to Save Social Security
4 trillion. 3 trillion in debt—an amount that is very likely to be matched from 2009 to 2012, based on the White House’s own projections. Far from saving to help defray the cost of retirement benefits for the baby boom generation, the government has been spending well beyond its means. 10 So should families ‘‘breathe a sigh of relief ’’ as Boxer suggested? Hardly. There is no huge pile of money that will somehow make it possible to pay for what would otherwise be unaffordable. 1 trillion. But even under Clinton, who presided over the best of economic times but left office with a faltering economy, the trust fund’s $834 billion increase from 1994 to 2001 was mostly a mirage, as the government ran a cumulative $63 billion surplus during that span.
1 trillion. But even under Clinton, who presided over the best of economic times but left office with a faltering economy, the trust fund’s $834 billion increase from 1994 to 2001 was mostly a mirage, as the government ran a cumulative $63 billion surplus during that span. But regardless of who’s to blame, the facts couldn’t be any clearer. So how can Democrats insist that the trust fund will delay Social Security’s financial crisis until 2037? 12 While it is significant that Pelosi acknowledged the duty of Congress to truly set aside resources if it was going to count on the trust fund to pay future retirement benefits, her idea of paying the trust fund back appeared divorced from reality—even before the economy collapsed.
2 Projected federal outlays and revenue THE PRICE OF DELAY 31 spans. But a failure to make the necessary hard choices—and make them soon—will shackle coming generations with massive debts that will eat away the foundations of government. ’’8 And when he invited lawmakers from both parties to a White House summit on Social Security that December, Clinton reminded them that reforming Social Security wasn’t just about saving money, but also about providing additional help for those most in need of Social Security’s support.