Blahous contends that Social Security is ill-equipped to withstand the effects of an aging population and will impose excessive tax burdens upon future Americans unless its course is changed. Far from a doomsday tract, however, the book provides instances of proposals that would satisfactorily avert this course, if only the political will is mustered to implement them. Blahous argues for the program developed by the National Commission on Retirement Policy, but also offers positive descriptions of plausible alternatives as well as unsparing criticism of those who would cook the books in defense of either current law or high-cost alternatives. Reforming Social Security is sure to disturb ideologues from all parts of the political spectrum, because of its frank willingness to expose the costs of different approaches as well as the self-interest so often pursued by interest groups, political actors, and Social Security experts. An important analysis for the general public as well as policy makers and others concerned with social security issues.
If you enjoy reading a perspective on life that can be only be obtained from a member of the Greatest Generation, you have selected the right book. Chuck Salm entertains you with a series of essays that will strike a responsive chord, not only with his peers, but also with patriotic Americans of all ages. Forget political correctness and apologies for the wayward and the incompetent in our society. Don’t look for excuses that cover for our self-serving politicians. You may, at times, be offended—even outraged. You may also be delighted, heartened and encouraged by knowing that someone out there thinks like you do and does not shy away from writing the very things you believe in. To be sure, you will be entertained every step of the way. Read on!
Charles Blahous, one of the nation's foremost retirement security experts, explains the origins and dangers of current underfunding in our single-employer defined-benefit pension system and outlines the options for solving the problem and preventing the next taxpayer-financed bailout. He provides a tutorial on the basic workings of pension law, reviews the recent history that led to the worsening condition of the pension insurance system, and suggests a range of reforms to improve the system's operation and to resolve the projected shortfall.
Blahous contends that Social Security is ill-equipped to withstand the effects of an aging population and will impose excessive tax burdens upon future Americans unless its course is changed. Far from a doomsday tract, however, the book provides instances of proposals that would satisfactorily avert this course, if only the political will is mustered to implement them. Blahous argues for the program developed by the National Commission on Retirement Policy, but also offers positive descriptions of plausible alternatives as well as unsparing criticism of those who would cook the books in defense of either current law or high-cost alternatives. Reforming Social Security is sure to disturb ideologues from all parts of the political spectrum, because of its frank willingness to expose the costs of different approaches as well as the self-interest so often pursued by interest groups, political actors, and Social Security experts. An important analysis for the general public as well as policy makers and others concerned with social security issues.
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