Policy Note 1999/8 | August 1999

More Pain, No Gain

Breaux Plan Slashes Social Security Benefits Unnecessarily

Neither the Breaux plan nor President Clinton’s proposal for “saving” Social Security promises much gain, but the Breaux plan, unlike the president's proposal, would inflict real pain in the form of reduced benefits.

Publication Highlight

Working Paper No. 932
Rethinking China’s Local Government Debt in the Frame of Modern Money Theory
Author(s): He Zengping, Jia Genliang
June 2019

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