Social Security's 70th Anniversary: Surviving 20 Years of Reform

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Social Security's 70th Anniversary: Surviving 20 Years of Reform

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L. Randall Wray

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L. Randall Wray

Abstract

Social Security turned 70 on August 14, although no national celebration marked the occasion. Rather, our top policymakers in Washington continue to suggest that the system is "unsustainable." While our nation's most successful social program, and among its longest lived, has allowed generations of Americans to live with dignity in retirement, many think it is time to retire Social Security itself. They claim it is necessary to shift more responsibility to individuals and to scale back the promises made to the coming waves of retiring baby boomers.

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Paper provided by Levy Economics Institute, The in its series Economics Policy Note Archive with number 05-6.

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Date of creation: Sep 2005
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Handle: RePEc:lev:levypn:05-6

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This paper has been announced in the following NEP Reports:

NEP-ALL-2005-11-12 (All new papers)
NEP-HIS-2005-11-12 (Business, Economic & Financial History)
NEP-PKE-2005-11-12 (Post Keynesian Economics)
NEP-PUB-2005-11-12 (Public Finance)

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

Peter Diamond, 2004. "Social Security," American Economic Review, American Economic Association, vol. 94(1), pages 1-24, March. [Downloadable!]
Dimitri B. Papadimitriou & L. Randall Wray, . "Does Social Security Need Saving? Providing for Retirees throughout the Twenty-first Century," Economics Public Policy Brief Archive 55, Levy Economics Institute, The. [Downloadable!]
Peter A. Diamond & Peter R. Orszag, 2002. "An Assessment of the Proposals of the President's Commission to Strengthen Social Security," NBER Working Papers 9097, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
Peter Diamond & Peter R. Orszag, 2002. "An Assessment of the Proposals of the President's Commission to Strengthen Social Security," The B.E. Journal of Economic Analysis & Policy, Berkeley Electronic Press, vol. 0(1). [Downloadable!]

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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

L. Randall Wray, 2006. "Global Demographic Trends and Provisioning for the Future," Economics Working Paper Archive wp_468, Levy Economics Institute, The. [Downloadable!]

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