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In this revised and updated edition, two respected economists argue that calls for scrapping Social Security in favour of a privatized plan are misguided and that the claims that the system faces bankruptcy are wrong. The authors analyze the economic assumptions underlying current... Read Full Overview

The book provides the historical background of the economic circumstances that different generations have faced in this century and shows how changes in Social Security has affected life in America.

With baby-boomer retirement drawing nearer, Social Security, long a third rail in American politics, has become fair game. When President Clinton launched national discussion in April on the future of the programme, the loudest voices seemed to belong to those who claimed the... Read Full Overview