Promises to Keep: Saving Social Security’s Dream
Promises to Keep: Saving Social Security’s Dream by Marshall N. Carter, published by Regnery Pub in 1996, presents a detailed examination of the Social Security system and proposes a gradual replacement strategy. This first edition, comprising 252 pages, is written in English and aims to provide insights into how individuals can invest their FICA taxes in financial assets that could better meet retirement needs at a reduced cost compared to the current system.
In this book, Carter and Shipman leverage their extensive experience in building retirement investments to outline a plan that promises to enhance financial security for retirees while significantly reducing the nation’s unfunded Social Security liability. The authors emphasize that their approach would not alter disability and hospital insurance, ensuring that these essential services remain intact. Promises to Keep offers a perspective on social security reform that is accessible and focused on creating a secure future for all Americans, avoiding complex jargon and alarmist rhetoric.
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Carter and Shipman – who have spent their careers building retirement investments for individuals, institutions, and nations – show how we can gradually replace the Social Security system while fully guaranteeing full benefits to all Americans. Their solution would allow people the freedom to invest their FICA taxes in financial assets that more than meet retirement needs at a fraction of Social Security’s cost.
Under their plan, financial security for all retirees would be more certain, worker’s taxes would be cut, and the nation’s staggering unfunded Social Security liability would drop by 60 percent. Disability and hospital insurance would continue as they are – neither would be altered even slightly.
Promises to Keep is not a doomsday book. Nor is it a jargon-filled economics text. Rather, it is a book that points to a secure future for all Americans.
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