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"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?"--BOOK JACKET. "The answer to these questions is a resounding no. In Social Security: The Phony Crisis, economists Dean Baker and Mark Weisbrot show that there is no economic, demographic, or actuarial basis for the widespread belief that the program needs to be fixed."--BOOK JACKET.
The prevailing narrative suggests Social Security is on the brink of collapse due to an aging population and inherent structural flaws. Dean Baker and Mark Weisbrot, economists, challenge this widely held belief in their book, Social Security: The Phony Crisis. They argue that the program is not facing an insurmountable economic, demographic, or actuarial crisis. The book aims to debunk the common fears surrounding the system's solvency and future viability.
The book directly confronts the prevailing discourse surrounding Social Security's supposed crisis, presenting a counter-argument grounded in economic and actuarial analysis. It aims to reframe the public and political understanding of the program's stability. The authors' intent is to provide a data-driven perspective that challenges widespread anxieties about the system's future.
Page Count:
199
Publication Date:
2000-01-01
ISBN-10:
0226035441
ISBN-13:
9780226035444
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