Год выпуска: 0 Автор: John Attarian Издательство: Страниц: 0 ISBN: 0765801272
Описание
Despite two decades of warnings about Social Security's projected bankruptcy, nothing is being done. The saying that Social Security is the third rail of American politics--touch it and you die--still holds true. This critical history argues that a majorcause of the impasse is the misleading manner in which Social Security was depicted to the public, and the beliefs about the program which prevail as a result. Most Americans see Social Security as retirement insurance, whereby taxpayers pay premiumsor contributions which are held in trust in a trust fund to pay guaranteed benefits which will be theirs "as a matter of earned right," as America keeps a "compact between the generations." Unfortunately, the entire foregoing description is false. Attarian demonstrates that Social Security's officials and partisans deliberately fostered this false picture while downplaying the power of Congress to cut or eliminate benefits, and that the payroll tax mechanism of financing was done in...
