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Author: Peter G. Peterson
Publisher: Random House (NY)
ISBN:
Category : Business & Economics
Languages : en
Pages : 264
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Book Description
The facts are plain: Social Security is headed for massive, unsustainable deficits in the next century. Politicians talk of a Social security "trust fund" but there are no hard assets in it--only government bonds. The reality is that Social Security is really a "pay as you go" system, with benefits to current retirees paid not out any saved trust funds but out of taxes on the payroll of today; s workforce. But what will happen when these employees retire; when, in less than fifteen years, the 76 million members of the baby boom generation -- the largest in our history -- stop paying in and start taking money out? And what can we as individuals and as citizens do now to prevent these catastrophic deficits. The crises towards which we are careening (by 2025, 1 American in 5 will be 65 or older and it will take an already overloaded 1.6 working Americans to support each retired person) will not only be felt personally by the many millions stranded with no savings and without benefits, but will shiver the country's economy as a whole as well as the world financial system. With courage, clarity and incontrovertible evidence, Peterson spells out this huge -- if politically unmentionable -- problem more clearly than ever before and tells us what we must do now for our personal survival and that of our children. According to recent polls, more young Americans believe in UFOs than think they will ever receive a Social Security check. Yet most Baby Boomers, as they approach retirement age, believe they will continue to live their present lifestyle in retirement -- without a fraction of the personal savings or pensions necessary to pay for the future they expect. This agingpopulation -- double today's load -- will depend on as few as 1.6 working Americans to support each retired person. Who will support this nation of Floridas? In this short, powerful book, Peter G. Peterson, one of American's top investment bankers and a leading critic of our entitlement policy, spells out in the clearest possible language, with unmistakable numbers and easy-to-read charts, the disaster that lies ahead if we continue to ignore our low saving rate, our ballooning federal deficits, and our enormous unfunded and unsustainable commitments to retirees. Peterson reveals what politicians are afraid to admit: trillions of dollars of promised benefits for which no funds have been provided. Shattering the myths surrounding this subject with hard facts and eye-opening views of the future, Peterson gives the most comprehensive and candid plan for a gradual, humane, fair, and realistic answer to the greatest challenge of the next century: transforming our political, economic, cultural, and social assumptions to adapt to the realities of the graying of America.
Author: Peter G. Peterson
Publisher: Random House (NY)
ISBN:
Category : Business & Economics
Languages : en
Pages : 264
Get Book
Book Description
The facts are plain: Social Security is headed for massive, unsustainable deficits in the next century. Politicians talk of a Social security "trust fund" but there are no hard assets in it--only government bonds. The reality is that Social Security is really a "pay as you go" system, with benefits to current retirees paid not out any saved trust funds but out of taxes on the payroll of today; s workforce. But what will happen when these employees retire; when, in less than fifteen years, the 76 million members of the baby boom generation -- the largest in our history -- stop paying in and start taking money out? And what can we as individuals and as citizens do now to prevent these catastrophic deficits. The crises towards which we are careening (by 2025, 1 American in 5 will be 65 or older and it will take an already overloaded 1.6 working Americans to support each retired person) will not only be felt personally by the many millions stranded with no savings and without benefits, but will shiver the country's economy as a whole as well as the world financial system. With courage, clarity and incontrovertible evidence, Peterson spells out this huge -- if politically unmentionable -- problem more clearly than ever before and tells us what we must do now for our personal survival and that of our children. According to recent polls, more young Americans believe in UFOs than think they will ever receive a Social Security check. Yet most Baby Boomers, as they approach retirement age, believe they will continue to live their present lifestyle in retirement -- without a fraction of the personal savings or pensions necessary to pay for the future they expect. This agingpopulation -- double today's load -- will depend on as few as 1.6 working Americans to support each retired person. Who will support this nation of Floridas? In this short, powerful book, Peter G. Peterson, one of American's top investment bankers and a leading critic of our entitlement policy, spells out in the clearest possible language, with unmistakable numbers and easy-to-read charts, the disaster that lies ahead if we continue to ignore our low saving rate, our ballooning federal deficits, and our enormous unfunded and unsustainable commitments to retirees. Peterson reveals what politicians are afraid to admit: trillions of dollars of promised benefits for which no funds have been provided. Shattering the myths surrounding this subject with hard facts and eye-opening views of the future, Peterson gives the most comprehensive and candid plan for a gradual, humane, fair, and realistic answer to the greatest challenge of the next century: transforming our political, economic, cultural, and social assumptions to adapt to the realities of the graying of America.
Author: Timothy Noah
Publisher: Bloomsbury Publishing USA
ISBN: 1608196348
Category : Political Science
Languages : en
Pages : 273
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Book Description
For the past three decades, America has steadily become a nation of haves and have-nots. Our incomes are increasingly unequal. This steady growing apart is often mentioned as a troubling indicator by scholars and policy analysts, though seldom addressed by politicians. What economics Nobelist Paul Krugman terms "the Great Divergence" has till now been treated as little more than a talking point, a rhetorical club to be wielded in ideological battles. But this Great Divergence may be the most important change in this country during our lifetimes-a drastic, elemental change in the character of American society, and not at all for the better. The inequality gap is much more than a left-right hot potato-its causes and consequences call for a patient, non-partisan exploration. Timothy Noah's The Great Divergence, based on his award-winning series of articles for Slate, surveys the roots of the wealth gap, drawing on the best thinking of contemporary economists and political scientists. Noah also explores potential solutions to the problem, and explores why the growing rich-poor divide has sparked remarkably little public anger, in contrast to social unrest that prevailed before the New Deal. The Great Divergence is poised to be one of the most talked-about books of 2012, a jump-start to the national conversation about the shape of American society in the 21st century, and a work that will help frame the debate in a Presidential election year.
Author: Nicholas Eberstadt
Publisher: Templeton Foundation Press
ISBN: 1599474700
Category : Political Science
Languages : en
Pages : 217
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Book Description
By one reading, things look pretty good for Americans today: the country is richer than ever before and the unemployment rate is down by half since the Great Recession—lower today, in fact, than for most of the postwar era. But a closer look shows that something is going seriously wrong. This is the collapse of work—most especially among America’s men. Nicholas Eberstadt, a political economist who holds the Henry Wendt Chair in Political Economy at the American Enterprise Institute, shows that while “unemployment” has gone down, America’s work rate is also lower today than a generation ago—and that the work rate for US men has been spiraling downward for half a century. Astonishingly, the work rate for American males aged twenty-five to fifty-four—or “men of prime working age”—was actually slightly lower in 2015 than it had been in 1940: before the War, and at the tail end of the Great Depression. Today, nearly one in six prime working age men has no paid work at all—and nearly one in eight is out of the labor force entirely, neither working nor even looking for work. This new normal of “men without work,” argues Eberstadt, is “America’s invisible crisis.” So who are these men? How did they get there? What are they doing with their time? And what are the implications of this exit from work for American society? Nicholas Eberstadt lays out the issue and Jared Bernstein from the left and Henry Olsen from the right offer their responses to this national crisis. For more information, please visit http://menwithoutwork.com.
Author: Robert D. Putnam
Publisher: Simon and Schuster
ISBN: 1476769907
Category : History
Languages : en
Pages : 400
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Book Description
"The bestselling author of Bowling Alone offers [an] ... examination of the American Dream in crisis--how and why opportunities for upward mobility are diminishing, jeopardizing the prospects of an ever larger segment of Americans"--
Author: Mitchell Gold
Publisher: Greenleaf Book Group
ISBN: 1929774109
Category : Biography & Autobiography
Languages : en
Pages : 402
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Book Description
A mental health crisis faces American teens right now -- and it is one we can solve. Hundreds of thousands of gay teens face traumatic depression, fear, rejection, persecution, and isolation -- usually alone. Studies show they are, 190 percent more likely to use drugs or alcohol and four times more likely to attempt suicide. Homophobia and discrimination are at the heart of their pain. Love, support, and acceptance -- all within our power to give -- can save them. This book is for: clergy, parents, educators, and politicians who cause harm with their words and actions; parents of gay teens; teens navigating this difficult time; and fair-minded people who want to help to end the harm. Here are revealing stories by forty diverse Americans, some well-known and some not, plus insights from straight clergy and parents explaining their support of gay people as whole human beings guaranteed equal rights by our Constitution.
Author:
Publisher: League of Women Voters of U S
ISBN: 9780899594095
Category : Family policy
Languages : en
Pages : 72
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Book Description
Author: James Gustave Speth
Publisher: Yale University Press
ISBN: 0300184689
Category : Political Science
Languages : en
Pages : 288
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Book Description
In this third volume of his award-winning American Crisis series, James Gustave Speth makes his boldest and most ambitious contribution yet. He looks unsparingly at the sea of troubles in which the United States now finds itself, charts a course through the discouragement and despair commonly felt today, and envisions what he calls America the Possible, an attractive and plausible future that we can still realize. The book identifies a dozen features of the American political economy--the country's basic operating system--where transformative change is essential. It spells out the specific changes that are needed to move toward a new political economy--one in which the true priority is to sustain people and planet. Supported by a compelling "theory of change" that explains how system change can come to America, the book also presents a vision of political, social, and economic life in a renewed America. Speth envisions a future that will be well worth fighting for. In short, this is a book about the American future and the strong possibility that we yet have it in ourselves to use our freedom and our democracy in powerful ways to create something fine, a reborn America, for our children and grandchildren.
Author: Robert Kagan
Publisher: Knopf
ISBN: 0525521658
Category : Biography & Autobiography
Languages : en
Pages : 193
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Book Description
The author discusses why he feels America must not withdraw inward from an essential role played for decades: enforcing peace and order throughout the rest of the world
Author: Writers of The Atlantic
Publisher: Simon & Schuster
ISBN: 1982157046
Category : Political Science
Languages : en
Pages : 576
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Book Description
Some of America’s best reporters and thinkers offer an urgent look at a country in chaos in this collection of timely, often prophetic articles from The Atlantic. The past four years in the United States have been among the most turbulent in our history—and would have been so even without a global pandemic and waves of protest nationwide against police violence. Drawn from the recent work of The Atlantic staff writers and contributors, The American Crisis explores the factors that led us to the present moment: racial division, economic inequality, political dysfunction, the hollowing out of government, the devaluation of truth, and the unique threat posed by Donald Trump. Today’s emergencies expose pathologies years in the making. Featuring leading voices from The Atlantic, one of the country’s most widely read and influential magazines, The American Crisis is a broad and essential look at the condition of America today—and at the qualities of national character that may yet offer hope. With contributions by: Danielle Allen, Anne Applebaum, Yoni Appelbaum, Molly Ball, David W. Blight, Mark Bowden, Ta-Nehisi Coates, Lizabeth Cohen, McKay Coppins, James Fallows, Drew Gilpin Faust, Caitlin Flanagan, Franklin Foer, David Frum, Megan Garber, Michael Gerson, Elizabeth Goitein, David A. Graham, Emma Green, Yuval Noah Harari, Ibram X. Kendi, Olga Khazan, Adrienne LaFrance, Annie Lowrey, James Mattis, Lin-Manuel Miranda, Angela Nagle, Vann R. Newkirk II, George Packer, Elaina Plott, Jeremy Raff, Jonathan Rauch, Adam Serwer, Clint Smith, Matthew Stewart, Alex Wagner, Tara Westover, and Ed Yong.
Author: Suzanne Mettler
Publisher: Macmillan + ORM
ISBN: 1250244439
Category : Political Science
Languages : en
Pages : 204
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Book Description
An urgent, historically-grounded take on the four major factors that undermine American democracy, and what we can do to address them. While many Americans despair of the current state of U.S. politics, most assume that our system of government and democracy itself are invulnerable to decay. Yet when we examine the past, we find that the United States has undergone repeated crises of democracy, from the earliest days of the republic to the present. In Four Threats, Suzanne Mettler and Robert C. Lieberman explore five moments in history when democracy in the U.S. was under siege: the 1790s, the Civil War, the Gilded Age, the Depression, and Watergate. These episodes risked profound—even fatal—damage to the American democratic experiment. From this history, four distinct characteristics of disruption emerge. Political polarization, racism and nativism, economic inequality, and excessive executive power—alone or in combination—have threatened the survival of the republic, but it has survived—so far. What is unique, and alarming, about the present moment in American politics is that all four conditions exist. This convergence marks the contemporary era as a grave moment for democracy. But history provides a valuable repository from which we can draw lessons about how democracy was eventually strengthened—or weakened—in the past. By revisiting how earlier generations of Americans faced threats to the principles enshrined in the Constitution, we can see the promise and the peril that have led us to today and chart a path toward repairing our civic fabric and renewing democracy.
