An edition of The plot against Social Security (2005)

The plot against Social Security

how the Bush Administration is endangering our financial future

1st ed

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Last edited by MARC Bot
January 7, 2025 | History
An edition of The plot against Social Security (2005)

The plot against Social Security

how the Bush Administration is endangering our financial future

1st ed

Relentless and ominous, the drumbeat echoes across the land: Social Security is on the verge of bankruptcy. The warning has been repeated so often that it has become a dismal article of faith for the millions of Americans who pay Social Security taxes and expect to collect benefits someday. But it is flatly untrue. Social Security today is as financially strong as it has been in decades. Despite its relative good health, however, it is facing the most dangerous political challenge to its existence since its birth 70 years ago. The Plot Against Social Security explains who is really behind the efforts to "reform" this system and shows that the most frequently proposed fix -- diverting a huge portion of its assets into private investment accounts -- will damage it beyond repair, undermining retirement security for generations of Americans.Award-winning journalist Michael Hiltzik documents the privatization lobby's ties to the brokerage and insurance industries that stand to profit from the proposed changes. He debunks the myths disseminated by Social Security's enemies, repeated by rote even by its friends and now accepted as gospel by many Americans -- including claims that the retirement of baby boomers will plunge the system into bankruptcy; that the $1.7 trillion in government securities held by the Social Security trust fund are worthless pieces of paper; and that workers can earn better returns on their payroll tax contributions by investing them privately than by leaving them in the system. Finally, he offers a clear set of remedies for those few elements of Social Security that do need repair -- proposals that will shore up the most effcient social insurance program in America's history rather than destroyingit in the name of reform.

Publish Date
Language
English
Pages
256

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Previews available in: English

Edition Availability
Cover of: The Plot Against Social Security
The Plot Against Social Security
2007, HarperCollins
Electronic resource in English
Cover of: The plot against Social Security
The plot against Social Security: how the Bush Administration is endangering our financial future
2005, HarperCollinsPublishers
in English - 1st ed

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Book Details


Edition Notes

Includes bibliographical references (p. 245-256) and index

Published in
New York, NY

Classifications

Library of Congress
HD7125 .H54 2005, HD7125.H54 2005

The Physical Object

Pagination
xiii, 256 p. ;
Number of pages
256

Edition Identifiers

Open Library
OL15494545M
Internet Archive
plotagainstsocia00hilt
ISBN 10
006083465X
LCCN
2005046132
OCLC/WorldCat
59280270
LibraryThing
1791456
Goodreads
361045

Work Identifiers

Work ID
OL11599225W

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Download catalog record: RDF / JSON / OPDS | Wikipedia citation
January 7, 2025 Edited by MARC Bot import existing book
March 8, 2023 Edited by MARC Bot import existing book
January 1, 2023 Edited by MARC Bot import existing book
October 28, 2022 Edited by ImportBot import existing book
September 20, 2008 Created by ImportBot Imported from Miami University of Ohio MARC record