Economics- Saving Social Security
Read the article "Saving Social Security" by Peter Diamond and Peter Orszag and complete the following tasks.
1. Explain why there is (and was at the time of the article's publication) a need to reform Social Security. (200 words)
2. Summarize the proposal of the authors. (400 words)
3. Explain why the authors are critical of the idea of replacing the current system with individual accounts. (400 words)