More Pain, No Gain: Breaux Plan Slashes Social Security Benefits Unnecessarily

Dimitri Papadimitriou and L. Randall Wray

Economics Policy Note Archive from Levy Economics Institute

Abstract: Neither the Breaux plan nor President Clinton's proposal for "saving" Social Security promises much gain, but the Breaux plan, unlike the president's proposal, would inflict real pain in the form of reduced benefits.

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