Promises to Keep: Saving Social Security's Dream - Hardcover

Carter, Marshall N.; Shipman, William G.

9780895264381: Promises to Keep: Saving Social Security's Dream

Hardcover

ISBN 10: 0895264382 ISBN 13: 9780895264381

Publisher: Regnery Pub, 1996

Written by two of America's premier experts on retirement issues, this book shows how we can salvage Social Security and ensure a comfortable retirement for all Americans.

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Review:

The Social Security system is one of America's biggest scams, and its lies are no longer a state secret. One recent survey found that more young Americans believed in UFOs than in the publicly-funded retirement checks that they are currently promised. In a debate that often seems clouded by lying politicians, eggheaded actuaries and screaming old people, authors Carter and Simpson clearly diagnose the current system's dire problems and offer a sound proposal for allowing workers to control the investment of their mandatory retirement savings.

From the Back Cover:

Carter and Shipman - who have spent their careers building retirement investments for individuals, institutions, and nations - show how we can gradually replace the Social Security system while fully guaranteeing full benefits to all Americans. Their solution would allow people the freedom to invest their FICA taxes in financial assets that more than meet retirement needs at a fraction of Social Security's cost. Under their plan, financial security for all retirees would be more certain, worker's taxes would be cut, and the nation's staggering unfunded Social Security liability would drop by 60 percent. Disability and hospital insurance would continue as they are - neither would be altered even slightly. Promises to Keep is not a doomsday book. Nor is it a jargon-filled economics text. Rather, it is a book that points to a secure future for all Americans.

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