Summary
Contents
Subject index
What has America done to protect its citizens from life-changing but common risks such as death of a family breadwinner, ill health, disability, involuntary unemployment, outliving retirement savings, and birth into a poor family? Each, in its own way, burdens—and possibly devastates—unlucky individuals and families both emotionally and financially. It is the rare life that is untouched by one or more of these six threats. How do our current policies affect taxation, spending, and the economy, as well as prospects for individual lives? What more might these policies do to protect Americans? Rich in stories, data, and analysis, Social Insurance provides a strong intellectual foundation for understanding the history, economics, politics, and philosophy of America's most important social insurance programs. This insightful work provides a unifying vision of these programs' purposes and reminds us, amidst the confusing and often apocalyptic rhetoric, why we have the programs and policies we do, while arguing for reforms that preserve and enhance the protections in place.
Economic Risks and Social Insurance Realities
Economic Risks and Social Insurance Realities
Three Stories
A Club Fire
At a concert in February 2003, pyrotechnics ignited sound insulation in the wallboards and ceilings of the crowded Station nightclub in West Warwick, Rhode Island. Within minutes, flames and smoke engulfed the club. Power failed, cloaking the club in darkness. Panicking customers fled to the small number of exits, but many found passage to the safety of the winter night blocked.
Exactly one hundred people perished. Sixty-five children lost one or both parents. Almost two hundred other victims suffered burns, lung damage due to smoke, or broken bones in the rush to escape. The financial troubles for the victims and their families were just beginning.
National media coverage helped swell a ...
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