Social Security: The Unfinished Work by Charles Blahous

Drawing on more than fifteen years of work on Social Security policy, first in the U.S. Senate and later in the White House, Charles Blahous argues that our national Social Security debate is more polarized than… (More)

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FIGURE 1.1 A Rising Number of Beneﬁciaries for Workers to Support
FIGURE 1.2 Te Rising Cost of Social Security
FIGURE 2.1 Social Security’s Looming Shortfalls
TABLE 2.1 Te Social Justice Argument
Te Warning Bell Tolls . . and Tolls
FIGURE 4.2 Real Beneﬁt Value Rises Across Generations
FIGURE 4.3 A 25% Beneﬁt Cut or a 60% Beneﬁt Increase?
FIGURE 5.1 Pay- as- you- go vs. Funded System
FIGURE 5.2 Te Rising Cost of Pay- as- you- go Financing
TABLE 6.1 What the Social Security Payroll Tax Buys You
FIGURE 8.1 2001 Social Security Projections
FIGURE 8.2 2001 Projections: With Personal Account
FIGURE 9.1 Te Revenue/Cost Spectrum
FIGURE 9.3 Te Progressivity Spectrum
FIGURE 9.4 Te Work Incentive Spectrum
FIGURE 11.1 U.S. Productivity: Historical and Projected
FIGURE 11.2 U.S. Labor Force Growth: Historical and Projected
TABLE 11.1 Potential Variations in the Trustees’ Projections
Insolvency Date
FIGURE 12.1 Hypothetical Social Security System A
FIGURE 12.2 Hypothetical Social Security System B
FIGURE 12.9 Comparing Reforms to Current Law
FIGURE 12.12 A 50% Increase or a 31% Cut?
FIGURE 12.13 Beneﬁts Under Progressive Indexing + Personal Accounts
FIGURE 12.15 Progressive Indexing Alone: 2005 Projections
FIGURE 12.14 Social Security Costs and Revenues: 2005 Projections
FIGURE 12.16 Progressive Indexing + Accounts: 2004 Projections
FIGURE 12.17 Te Social Security Outlook
FIGURE 13.1 Te Social Security Outlook
FIGURE 13.2 Toward a More Transparent System
FIGURE 13.3 Progressive Bend Point Factor Changes
FIGURE 13.4 “Ideal” Social Security System
FIGURE 13.5 “Ideal” Social Security System (Including Accts)

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