Word: presented
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Dates: during 1990-1999
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Applicants present a proposal for their show that includes statements from the director and producer, a list of staff, copies of the script and a preliminary budget...
...estimate is that under present tax and benefit schedules, the Social Security system would plunge $6.9 trillion into debt between 2014 and 2034. If that is accurate, Clinton's 1999 budget proposals, which are supposed to pump $2.7 trillion into Social Security during the next 15 years, would close less than half the initial gap. Further reforms would be needed to keep revenues in balance with payouts after 2034. Also, the present system contains some glaring inequities that ought to be corrected--at the cost of making the fiscal gap even wider. No one proposal will probably come near...
...many pensioners, present and future, would be terrified of having their retirement income depend heavily on the short-term ups and downs of Wall Street. They would have to be guaranteed a fairly high pension still paid out of regular Social Security taxes--currently 12.4% of each employee's wages, split between worker and boss--no matter what...
...Senate bill written by Democrats Daniel Patrick Moynihan of New York and Robert Kerrey of Nebraska would allow workers to divert 2% into investment accounts but would lower guaranteed benefits to what could be financed out of the remaining 10.4%. Feldstein has an even better idea: keep present tax and benefit rates but have the government deposit into individual accounts an additional 2% of each worker's earnings, up to the prescribed annual taxable limit. On retirement the worker would repay Uncle Sam $3 of every $4 he or she had in the account. Taxpayers under this scheme might earn...
...Social Security payments started in 1940, but the age for retiring with full benefits is still 65. Next year it is scheduled to begin increasing gradually to 67 by 2027. It could be raised further to 70. But raising the earliest age for retirement with partial benefits from the present 62 to 65, as many ardent reformers propose, would be a mistake. Miners, laborers and other manual workers have enough trouble continuing their exhausting toil even to age 62. For many, staying on the job until they are 65 or older could imperil their health--or even life...