A memorandum to the President and Congress -- 1983 : a temporary rescue -- The warning bell tolls...and tolls -- Decision spectrum no. 1: slowing benefit growth versus raising taxes -- Decision spectrum no. 2 : pay-as-you-go versus advance funding -- Decision spectrum no. 3 : how much should social security redistribute income? -- Decision spectrum no. 4: work incentives -- Decision spectrum no. 5 : is there a role for personal accounts? -- Putting it all together : balancing value judgments in a comprehensive plan -- President Bush's reform initiative : a chronology -- The certainty and severity of the social security shortfall -- President Bush's reform initiative : the policy controversies -- Seizing the common ground -- We must do better.
Summary
Presents the basic but often misunderstood factual background of the ongoing Social Security debate.