Despite the sustained economic growth of recent years, Americans are increasingly concerned with economic security. Even before economists began reporting signs of recession, skyrocketing health care costs, faltering pensions, and burgeoning inequality frayed the fabric of the American social contract. America's social contract is an evolving, complex web of legal and informal relationships between households, employers, government, and civil society that extends beyond particular federal programs. Now is the time to strike a new bargain between these sectors, rethinking the rights and responsibilities of each. Breathing new life into the American social contract is needed to keep pace with our 21st century economy and build the conditions for sustained growth and healthy families.
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