Going for Broke: Deficits, Debt, and the Entitlement Crisis
The looming financial meltdown may be far worse than anyone expects.
At some point California will need to figure out how it is going to cope with having insufficient money set aside to meet its pension promises. That calculus will be much easier if CalPRS doesn’t accept a lower rate of return in exchange for dubious political chits.
Some conservative writers are proposing to raid Social Security for the costs of a new parental leave program, but Social Security is not a savings program with a pool of assets to draw on.
Social Security is a program with an assortment of problems, and allowing beneficiaries to borrow against future benefits does not improve the current model.
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By Jagadeesh Gokhale. Policy Analysis No. 762. October 22, 2014.
By Tad DeHaven. Policy Analysis No. 733. August 6, 2013.
By Jagadeesh Gokhale. White Paper . February 13, 2013.
By Michael D. Tanner. Policy Analysis No. 692. February 13, 2012.
Born into slavery in 1818, Frederick Douglass rose to become a preeminent American intellectual and activist who, as statesman, author, lecturer, and scholar, helped lead the fight against slavery and racial oppression. Unlike many other leading abolitionists, Douglass embraced the U.S. Constitution, believing it to be an essentially anti-slavery document guaranteeing that individual rights belonged to all Americans, of all races. This biography from Cato scholar Timothy Sandefur takes a fresh look at the life and inspirational legacy of one of America’s most passionate and dedicated thinkers.
To encourage people everywhere to better understand and appreciate the principles of government that are set forth in America’s founding documents, the Cato Institute published this pocket-size edition.
The Cato Institute offers a wealth of online educational audio and video resources, from self-paced guides on the ideas of liberty and the principles of economics, to exclusive, archived lectures by thinkers such as Milton Friedman and F. A. Hayek. Browse through some highlights of our collections, for personal study or for use in the classroom.
History is indispensable to understanding and defending liberty under our constitutionally limited, representative government. And at the core of that history are the philosophical beliefs and values on which the American republic was founded. Cato University’s College of History and Philosophy, August 2-4 in San Diego, brings these two powerful subjects together to explore the foundations of liberty and justice, of wealth and poverty, of individual rights and the rule of law.
