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1 1 (1990)

handle is hein.amenin/aeiaaqy0001 and id is 1 raw text is: The American decision to move to a partially pre-funded Social Security system was made with almost no Congres- sional, Presidential, or public notice. Now, many years later, the OASDI trust fund is generating a surplus of more than $1 billion a week, rising to $4 billion a week by the end of the decade. Now at last, Carolyn L. Weaver and her associates have given us a definitive exploration of the issues and choices surrounding these 'looming surpluses.' A serious debate can now begin, thanks to this work of superb clarity and openness but determined insistence on the necessity for choice. DANIEL PATRICK MOYNIHAN U.S. Senator Contents include: James M. Buchanan, The Budgetary Politics of Social Security * Laurence J. Kotlikoff, The Social Security 'Surpluses'-New Clothes for the Emperor? * Herman B. Leonard, In God We Trust-The Political Econ- omy of the Social Security Reserves * Alicia H. Munnell and C. Nicole Ernsberger, Foreign Ex- perience with Public Pension Surpluses and National Saving W. Mark Crain and Michael L. Marlow, The Causal Relation between Social Security and the Federal Budget * Lawrence B. Lindsey, Managing the Variability of the Social Security Balances with the Personal Income Tax * Carolyn L. Weaver, Controlling the Risks Posed by Advance Funding-Options for Reform US $25.00 THE AEl PRESS ISBN-13 79?8-0-8447-3730-0 Publisher for the American Enterprise Institute ISN-o 0o a0-o47-3730-5 1150 Seventeenth Street, N.W. 52500 Washington, D.C. 20036 9 780844 737300

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