Download Social Security and the Middle-Class Squeeze: Fact and by Leonard J. Santow, Mark E. Santow PDF

By Leonard J. Santow, Mark E. Santow

ISBN-10: 0275988813

ISBN-13: 9780275988814

ISBN-10: 0313361894

ISBN-13: 9780313361890

On the outset of his moment time period, President Bush's notion to partly privatize Social protection has touched off a debate of large share. Disentangling the rhetoric and hyperbole from truth is vital for someone attempting to evaluation the aptitude advantages or pitfalls of the plan. Leonard and Mark Santow—a father-and-son group who combine diversified political viewpoints (fiscally conservative and socially liberal, respectively)—offer particular techniques for making improvements to Social defense, Medicare, and Medicaid in socially liable ways in which relieve a number of the tension at the heart classification and advertise upward mobility. Explaining subtle fiscal innovations in layman's phrases, the Santows divulge myths approximately how entitlement courses truly paintings, arguing, for instance, that whereas the monetary nation of Social safeguard will get lots of the press, Medicare and Medicaid are in even more severe hassle. They combine conservative and liberal viewponts to suggest a package deal of reforms that comes with either tax cuts and raises and an overhaul of the government's fiscal forecasting procedure. Synthesizing mountains of information and explaining subtle monetary suggestions in layman's phrases, the Santows divulge myths approximately how entitlement courses truly paintings, arguing, for instance, that whereas the monetary nation of Social protection will get lots of the press, Medicare and Medicaid are in even more severe hassle. in addition, they're hugely serious of privatization plans, demonstrating that comparable courses have failed in different international locations and that such plans are courses are neither fiscally nor socially sound. If the yankee humans price the typical commitments that those courses embrace, we are going to have to see them as a package deal, and fund them as a result. in line with this problem, the Santows combine conservative and liberal viewpoints to suggest a package deal of reforms that comes with either tax cuts and raises and an overhaul of the government's financial forecasting procedure. that includes a timeline of key occasions on the grounds that Franklin Roosevelt signed the Social protection Act in 1935 and an appendix of knowledge tables, the authors provide a primer for involved electorate, policymakers, educators, scholars, and finance professionals—anyone with a stake in designing a procedure that will pay for those crucial courses in an equitable demeanour and contributes to our collective prosperity.