Christopher N. Breiseth is chair of the board of the Frances Perkins Center in Newcastle, Maine (FrancesPerkinsCenter.org), which is dedicated to preserving Perkins’ legacy, at the head of which is Social Security.
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Improving Our Safety Net
WITH A LONG history of involvement in the evolution of the Social Security program, Nancy Altman and Eric Kingson are the right analysts to explain the program and demonstrate conclusively that, with careful tending by Congress, Social Security will be there for future generations: a critical part of retirement finances for the vast majority of the American people and, for many, the only retirement support. They argue that Congress should be strengthening and expanding Social Security—and they show how this can be done and the bill paid.
The book makes clear that Social Security is not an entitlement program but a social insurance program with premiums paid through payroll taxes. Its $2.8 trillion trust fund represents the full-faith support of the American people to provide essential insurance coverage for all our people against the universal hazards of death, disability, and old age. It compares how our system stacks up against those of other advanced industrial societies. (We are distinctly less generous to our senior citizens than other developed nations.)