1. AN EXCHANGE ON SOCIAL SECURITY.
- Subjects
- *
LETTERS to the editor , *SOCIAL security , *ECONOMIC security , *BUDGET deficits , *COLLEGE teachers , *EDITORS - Abstract
Presents a letter to the editor by James Tobin, Sterling Professor of Economics at the Cowles Foundation at Yale University in New Haven, Connecticut, commenting on issues related to Social Security raised by the journal and provides a corresponding reply by the journal's editor Michael Kinsley. Reasons why Social Security is not responsible for U.S. President Ronald Reagan's federal deficits; Factors cited by Tobin to prove that Social Security is not regressive; Need to tighten the links between individual contributions and retirement benefits; Economic implications of the 1983 amendments to the Social Security Act; Rebuttal of Tobin's claim that the journal promotes the cancellation of Social Security.
- Published
- 1987