Saving Social Security: The Diamond-Orszag Plan

Peter Diamond and Peter Orszag

The Economists' Voice, 2005, vol. 2, issue 1, 9

Abstract: Social Security is one of America's most successful government programs. It has helped millions of Americans avoid poverty in old age. To be sure, the program faces a long-term deficit and is in need of updating. But Social Security's long-term financial health can be restored: the projected deficit is small enough that it can be eliminated through a progressive reform that combines modest benefit reductions and revenue increases.

Keywords: social security; social insurance; privatization (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (33)

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DOI: 10.2202/1553-3832.1080

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