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The National Commission on Social Security Reform--better known as the Greenspan Commission--is widely credited with having addressed the financing crisis the program faced in the 1980s. Today, the Greenspan Commission is cited routinely as a model for resolving divisive political challenges, most recently inspiring the appointment of a bipartisan commission to address the federal deficit. But did the Greenspan Commission really succeed--or did one key member find a way to work around its failure? Robert M. Ball (1914-2008), who led the Social Security Administration for decades and became Social Security's chief advocate and defender, served as House Speaker Tip O'Neill's representative on the Greenspan Commission. In this previously unpublished account, excerpted from Bob Ball's memoirs by his longtime editor Thomas N. Bethel, Ball describes the inner workings of the commission and what really happened. He reveals how the commission deadlocked and how, at the last minute, Ball and White House Chief of Staff James Baker painstakingly negotiated compromises that their principals--Speaker O'Neill and President Reagan--could accept. Ball wrote this account as a cautionary tale, warning: "To suggest that the Greenspan Commission provides a model for resolving questions... would be laughable if it were not so dangerous.... A commission is no substitute for principled commitment. Above all, we should not allow ourselves to fall into the trap of expecting miracles from another Greenspan Commission."
This book illuminates the politics and policy of the current struggle over Social Security in light of the program's compelling history and ingenious structure. After a brief introduction describing the dramatic response of the Social Security Administration to the 9/11 terrorist attack, the book recounts Social Securityâ??s lively history. Although President Bush has tried to convince Americans that Social Security is designed for the last century and unworkable for an aging population, readers will see that the President's assault is just another battle in a longstanding ideological war. Prescott Bush, the current Presidentâ??s grandfather, remarked of FDR, "The only man I truly hated lies buried in Hyde Park." The book traces the continuous thread leading from Prescott Bush and his contemporaries to George W. Bush and others who want to undo Social Security. The book concludes with policy recommendations which eliminate Social Security's deficit in a manner consistent with the program's philosophy and structure.
Compact, timely, well-researched, and balanced, this institutional history of Social Security's seventy years shows how the past still influences ongoing reform debates, helping the reader both to understand and evaluate the current partisan arguments on both sides.
Also considered are the risks in the political process."--BOOK JACKET.
A growing chorus of prominent voices in Congress and elsewhere are calling for the expansion of our Social Security system—people who know that Social Security will not “go broke” and does not add a penny to the national debt. Social Security Works! will amplify these voices and offer a powerful antidote to the three-decade-long, billionaire-funded campaign to make us believe that this vital institution is destined to collapse. It isn't. From the Silent Generation to Baby Boomers, from Generation X to Millennials and Generation Z, we all have a stake in understanding the real story about Social Security. Critical to addressing the looming retirement crisis that will affect two- thirds of today's workers, Social Security is a powerful program that can help stop the collapse of the middle class, lessen the pressure squeezing families from all directions, and help end the upward redistribution of wealth that has resulted in perilous levels of inequality. All Americans deserve to have dignified retirement years as well as an umbrella to protect them and their families in the event of disability or premature death. Sure to be a game-changer, Social Security Works! cogently presents the issues and sets forth both an agenda and a political strategy that will benefit us all. At stake are our values and the kind of country we want for ourselves and for those that follow.