Borrowing to Save: A Critique of Recent Proposals to Partially Privatize Social Security

Autor/in	Dattalo, Patrick
Titel	Borrowing to Save: A Critique of Recent Proposals to Partially Privatize Social Security
Quelle	In: Social Work, 52 (2007) 3, S.233-242 (10 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0037-8046
Schlagwörter	Social Work; Money Management; Retirement Benefits; Taxes; Finance Reform; Criticism; Financial Policy; Federal Government; Federal Programs; Trusts (Financial); Privatization; Insurance + Suchen Sie Ihr Suchwort? Soziale Arbeit; Retirement pay; Ruhegehalt; Abgabe; Financial reform; Finanzreform; Kritik; Fiscal policy; Finanzpolitik; Bundesregierung; Konzern; Privatisation; Privatisierung
Abstract	Concern over Social Security's forecasted long-run deficit is occurring at a time when the program has a short-term surplus. One proposed strategy to address this forecasted deficit is to allow the investment of a portion of payroll taxes into private savings accounts (PSAs). The author analyzes recent proposals for PSAs and concludes that PSAs are more likely to be a problem than a solution. Paradoxically, PSAs require the government to borrow to encourage current workers to save. The author recommends resources to help social workers remain informed about proposed program reforms and prepared to advocate for the concept of social insurance. (Author).
Anmerkungen	National Association of Social Workers (NASW). 750 First Street NE Suite 700, Washington, DC 20002. Tel: 800-227-3590; e-mail: press@naswdc.org; Web site: http://www.naswpress.org
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10