Peter Orszag Views on Social Security
Some economists assert that reforming the Social Security System is the foremost financial issue facing the United States, but American economist Peter Orszag does not see it that way.
Orszag, former advisor to Presidents Clinton and Obama, and current vice chairman of Citigroup, has long believed that the long-term healthcare reform is essential in restoring fiscal stability to the United States' economy.
However, Peter Orszag does argue, in one of his New York Times op-ed pieces, that the reform of the Social Security System is indeed a pressing issue for lawmakers and the American people, and ignoring this issue is not in the best interest of the country.
Peter Orszag is certainly no stranger to the topic of Social Security reform; he has authored and edited several books on the subject, including Aging Gracefully:Ideas to Improve Retirement Security in America and Saving Social Security: A Balanced Approach.
In his op-ed piece, Orszag highlights a step-by-step way that Congress should consider and act on the important objective of saving Social Security.
In his piece, Orszag lists these steps and notes that bipartisanship-in Congress and the White House-will be necessary to reach this goal.
However, healthcare reform has remained an important issue for Peter Orszag.
He has long been a proponent of healthcare reform because he sees it as a necessary step in sustaining the United States' economy in the future.
As President Obama's chief budget advisor, Peter Orszag was essential in shaping the healthcare reform bill, as well as other policies involved in the economic stimulus bill.
From almost the first day that President Obama stepped into office, Peter Orszag began having meetings with officials regarding healthcare reform.
One staggering figure that made healthcare reform such an important issue for Orszag was that the cost of Medicare and Medicaid in only ten years could be equal to the current federal budget in its entirety.
However, Orszag also firmly believed that cutting the cost of healthcare did not necessitate a reduction in the quality of the healthcare that Americans receive.
Peter Orszag, working closely with President Obama and other members of the Obama Cabinet created a new healthcare plan, which was ratified in March of 2010.
This plan, which is a $940 billion bill, requires that the majority of Americans are to have health insurance and that insurance companies are to extend coverage to them, even when preexisting conditions are present.
The goal is to see 34 million more Americans obtain health insurance while reducing the national deficit to $138 billion in ten years.
Orszag, former advisor to Presidents Clinton and Obama, and current vice chairman of Citigroup, has long believed that the long-term healthcare reform is essential in restoring fiscal stability to the United States' economy.
However, Peter Orszag does argue, in one of his New York Times op-ed pieces, that the reform of the Social Security System is indeed a pressing issue for lawmakers and the American people, and ignoring this issue is not in the best interest of the country.
Peter Orszag is certainly no stranger to the topic of Social Security reform; he has authored and edited several books on the subject, including Aging Gracefully:Ideas to Improve Retirement Security in America and Saving Social Security: A Balanced Approach.
In his op-ed piece, Orszag highlights a step-by-step way that Congress should consider and act on the important objective of saving Social Security.
In his piece, Orszag lists these steps and notes that bipartisanship-in Congress and the White House-will be necessary to reach this goal.
However, healthcare reform has remained an important issue for Peter Orszag.
He has long been a proponent of healthcare reform because he sees it as a necessary step in sustaining the United States' economy in the future.
As President Obama's chief budget advisor, Peter Orszag was essential in shaping the healthcare reform bill, as well as other policies involved in the economic stimulus bill.
From almost the first day that President Obama stepped into office, Peter Orszag began having meetings with officials regarding healthcare reform.
One staggering figure that made healthcare reform such an important issue for Orszag was that the cost of Medicare and Medicaid in only ten years could be equal to the current federal budget in its entirety.
However, Orszag also firmly believed that cutting the cost of healthcare did not necessitate a reduction in the quality of the healthcare that Americans receive.
Peter Orszag, working closely with President Obama and other members of the Obama Cabinet created a new healthcare plan, which was ratified in March of 2010.
This plan, which is a $940 billion bill, requires that the majority of Americans are to have health insurance and that insurance companies are to extend coverage to them, even when preexisting conditions are present.
The goal is to see 34 million more Americans obtain health insurance while reducing the national deficit to $138 billion in ten years.