Summary

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.

Recommended Citation

Diamond, Peter A. and Orszag, Peter R. (2005) "Saving Social Security: The Diamond-Orszag Plan," The Economists' Voice: Vol. 2 : Iss. 1, Article 8.
DOI: 10.2202/1553-3832.1080
Available at: http://www.bepress.com/ev/vol2/iss1/art8