A01=Neil Howe
ASI
Author_Neil Howe
Benefit Hikes
Benefit Levels
budgetary trade-offs
Category=KC
Category=KFFD
CSRS.
demographic economics
entitlement program fiscal impact
Entitlement Spending
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Federal Benefit Spending
Federal Entitlement Spending
Federal Entitlements
Federal Health Care Spending
fiscal sustainability
GNP Growth
GSRS.
Health Care Spending
intergenerational equity
Military Retirement
Neil Howe
Nondefense Discretionary Spending
Nonpoverty Entitlement
Nursing Home Residency
OASDI Trust Funds
Payroll Tax Rate
Payroll Taxes
Personal Consumption Expenditure Deflator
Peter G. Peterson
Pia
public finance policy
Retirement Benefits
Senior Boom
Social Security Cash Benefits
welfare state reform
Young Man
Product details
- ISBN 9781138529083
- Weight: 725g
- Dimensions: 152 x 229mm
- Publication Date: 13 Jul 2017
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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Entitlements represent one of the largest and fastest-growing portions of the federal budget. They are regarded as sacrosanct by lawmakers, yet many people see them as one of the greatest threats to the American Dream. This volume argues that by sacrificing the future in order to pay ever-larger federal benefits through programs such as Social Security, Medicare, and federal pensions, entitlement spending has become a crushing burden to American workers. Peterson and Howe destroy myths surrounding entitlement spending. They show that the bulk of it does not go to the poor. The majority of the elderly are not needy and dependent. Entitlement programs, not defense spending, consume the largest share of the federal budget. In short, we cannot balance the budget without reducing entitlement spending. In a country that demands critical investments--improving public education, alleviating poverty, increasing professional opportunity--growth in entitlement spending is unaffordable.On Borrowed Time is an important and timely book that will be mandatory reading for policymakers, politicians, economists, and a general public concerned with its financial future.
