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	Título: Social Security. The Phony Crisis.
	Autor: Baker Dean/ Weisbrot Mark	Precio: $156.00
	Editorial: University Of Chicago Press	Año: 1999
	Tema: Ciencias Politicas, Analisis, Estudio	Edición: 1ª
	Sinopsis	ISBN: 9780226035468
	Is it true that the Social Security system is in serious trouble and must be repaired? As baby boomers begin to retire, will they inevitably, by force of their sheer numbers, bankrupt the system? Is Social Security a big Ponzi scheme that will leave future generations with little to show for their lifetime of contributions? Is the only way to solve the Social Security crisis through radical changes like privatization or bolstering it with massive new taxes? According to the authors of this important new study, the answer to these questions is a resounding no. In Social Security: The Phony Crisis, economists Dean Baker and Mark Weisbrot argue that there is no economic, demographic, or actuarial basis for the widespread belief that the program needs to be fixed. As the authors emphasize, there is virtually no disagreement about the facts of Social Security's finances, or even the projections for its future. Rather, the Social Security debate has been foundering on misconceptions, confusion, and lack of agreement on the meaning of crucial terms. The authors also take on related issues: that privatization would help save Social Security, that America has a pressing need to increase its national savings, and that future generations will suffer from the costs_especially for health care_of supporting a growing elderly population. Foreword Acknowledgments Chapter 1: Introduction Social Security and Social Insurance The Politics of Non-Issues Chapter 2: Social Security and its Critics Social Security's Finances The Disappearing Trust Fund Demography as Destiny Unfunded Liabilities, Ponzi Schemes, and Other Rhetorical Devices Chapter 3: Generating Phony Wars With Generational Accounting How Generational Accounting Works How Generational Accounting Cooks the Books Discounting Our Children's Futures Will Education Really Impoverish Our Children? If Health Care Costs Destroy the Economy, What Will Happen to Tax Rates? What the Recount Shows How Will Our Children Really Fare? Rising Incomes, Changing Demographics The Base Case What the Real Generational Accounts Show Chapter 4: Entitlements for the Elderly: Medicare "Reform" The Wrong Direction The Wrong Incentives Medicare and Health Care Reform Chapter 5: The Debate Over the Consumer Price Index What Difference Does 1.1 Percent Make? The Boskin Arithmetic The Evidence for an Overstated CPI Substitution Bias Retail Outlet Substitution Bias Quality and New Goods Bias Sources of Understated Inflation in the CPI Inflation for Whom? The Implications of an Overstated CPI The Boskin Commission's Failed Case Chapter 6: The Glories of Privatization A Happy Market, an Unhappy Economy Is There a Way to Beat 3.5 Percent? The Returns From Privatization: Going Down From 3.5 Percent A Modicum of Privatization Chapter 7: The Advisory Council and Other Fixes Three Ideas From the Advisory Council Investing the Trust Fund Other Regressive Cuts Proposals for Means Testing Benefits A Worsening Problem? The Way to Real Reform Chapter 8: The Debate Over National Saving An Economist's View of Saving How Saving Generates Investment Finding a Recipe For Higher Saving The Impact of Investment on Economic Growth Saving Will Not Make Us Rich Chapter 9: Will the Age Wave Lift All Boats? The Basic Features of the Future The State of the Nation's Health The Many Homes of the Future Benefits of the Information Boom Opportunities in Education The Future of Work The Downside to the Next Century Fix the Problems, not Social Security Chapter 10: An Honest Debate Appendix: The Feldstein-Samwick Plan References

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