STUDY GUIDE|^465c) the defi cit
d) care for the elderly
e) gender inequality
- The primary reason Social Security will be
fi nancially strained in the coming years is because
__.
a) it is a pay-as-you-go program
b) its stipends are indexed to infl ation
c) it is transitioning to privately held accounts
d) compensation to nonworking spouses is equal
to benefi ts for the working spouse
e) most Americans don’t approve of Social
Security
16. In President Obama’s health care plan, why was it
essential to guarantee comprehensive coverage?
a) to make sure enough people were paying into the
system
b) to pool risk between sick and healthy people
c) to reduce the risks of fraud
d) to prevent individuals from only having one price
to pay
e) to win broad political support
S PRACTICE ONLINE
“Big Think” video exercise: Paul Krugman on the
Retirement AgeSUGGESTED READING
Altman, Nancy J. The Battle for Social Security: From FDR’s
Vision to Bush’s Gamble. New York: Wiley, 2005.
Bartels, Larry M. Unequal Democracy: The Political Economy
of the New Gilded Age. Princeton, NJ: Princeton University
Press, 2008.
Friedman, Milton. Capitalism and Freedom, 40th Anniversary ed.
Chicago: University of Chicago Press, 2002.
Friedman, Thomas L. The World Is Flat: A Brief History of the
Twenty-First Century. New York: Farrar, Straus and Giroux,
2005.
Keynes, John Maynard. General Theory of Employment, Interest
and Money. New York: Macmillan, 2007, originally published
in 1936.
King, Ronald F. Budgeting Entitlements: The Politics of Food
Stamps. Washington, DC: Georgetown University Press, 2000.
Krugman, Paul. The Great Unraveling: Losing Our Way in the New
Century. New York: Norton, 2003.
Lewis, Michael. The Big Short: Inside the Doomsday Machine.
New York: Norton, 2010.
Oberlander, Jonathan. The Political Life of Medicare. Chicago:
University of Chicago Press, 2003.
Phillips, Kevin. Bad Money: Reckless Finance, Failed Politics, and
the Global Crisis of American Capitalism. New York: Viking,
2008.
Skocpol, Theda. Social Policy in the United States: Future
Possibilities in Historical Perspective. Princeton, NJ:
Princeton University Press, 1995.
Soros, George. The New Paradigm for Financial Markets:
The Credit Crash of 2008 and What It Means. New York:
PublicAff airs Books, 2008.
Soss, Joe. Unwanted Claims: The Politics of Participation in the
U.S. Welfare System. Ann Arbor: University of Michigan Press,
2000.
Stiglitz, Joseph E. Globalization and Its Discontents. New York:
Norton, 2003.
Weaver, R. Kent. Ending Welfare as We Know It. Washington, DC:
Brookings Institution Press, 2000.